Penalties and Interest Charges. Federal, state, and local tax authorities impose various penalties and interest charges for non-compliance with tax laws and regulations, including failure to file or late filing of returns, and underpayment of taxes. You, as the taxpayer, remain responsible for the payment of all tax, penalties, and interest charges imposed by tax authorities. We rely on the accuracy and completeness of the information you provide to us in connection with the preparation of your tax returns. Failure to disclose or inadequate disclosure of income or tax positions may result in the imposition of penalties and interest charges.
Penalties and Interest Charges. Federal, state, and local tax authorities impose various penalties and interest charges for non-compliance with tax laws and regulations, including failure to file or late filing of returns, and underpayment of taxes. You, as the taxpayer, remain responsible for the payment of all tax, penalties, and interest charges imposed by tax authorities. We rely on the accuracy and completeness of the information you provide to us in connection with the preparation of your tax returns. Failure to disclose or inadequate disclosure of income or tax positions may result in the imposition of penalties and interest charges. Your returns may be selected for review by the taxing authorities. Any proposed adjustments by the examining agent are subject to certain rights of appeal. In the event of such governmental tax examination, we will be available, upon request, to represent you under a separate engagement letter for that representation. You understand that your income tax returns will be electronically filed through a secured third-party electronic filing service. You may opt out of electronic filing if you so choose by indicating that to us in writing. * * * * * * If the foregoing fairly sets forth your understanding, please sign the enclosed copy of this letter in the space indicated and return it to our office. However, if there are additional returns you expect us to prepare, such as business tangible personal property (due May 15th), please notify us in writing below. We want to express our appreciation for this opportunity to work with you. The heartbeat of our business is a referral from a valued client like you. Please feel free to pass our information on to your friends or family that might benefit from our services. Very truly yours, Xxxxx X. Xxxxx, CPA Principal Shareholder | Xxxxx + Beam CPAs, LLC ACCEPTED: [Shareholder Signature] [Date] [Shareholder Name] [Shareholder Email] An email address for all parties on the tax return is required for the electronic signature of the e-file authorization forms. Your privacy is of our utmost concern: your email address will not be shared with or sold to anyone – period! [CONTINUED] Xxxxx + Beam CPAs, LLC’s Terms and Conditions Addendum Overview This addendum to the engagement letter describes our standard terms and conditions (“Terms and Conditions”) related to our provision of services to you. This addendum, and the accompanying engagement letter, comprise your agreement with us (“Agreement”). If there is any inconsist...
Penalties and Interest Charges. Extensions may affect your liability for penalties and interest or compliance with governmental or other deadlines. Federal, state, and local tax authorities impose various penalties and interest charges for noncompliance with tax laws and regulations, including failure to file or late filing of returns, and underpayment of taxes. You, as the taxpayer, remain responsible for the payment of all tax, penalties, and interest charges imposed by tax authorities. To the extent you wish to engage our firm to apply for extensions of time to file tax returns on your behalf, you must notify us of this request in writing. Our firm will not file these applications unless we receive an executed copy of this Agreement and your express written authorization to file for an extension. By signing this agreement, you are agreeing to the terms set forth in our standard engagement letter and agree you understand that you are responsible for all payments, penalties and interest charges by federal, state and local tax authorities. You further agree that you are responsible for the estimated payments for the current year and that no extension payment will be calculated by our firm. This may result in penalties as described above, and those penalties and any resulting interest will be your sole responsibility. This acknowledgment and the terms within our engagement letter represent the entire agreement regarding our tax preparation services and supersedes all prior agreements, written or oral, regarding our services. Your signature will affirm that this letter correctly summarizes your understanding of the arrangement for this work, please sign this letter in the space indicated below. By signing below, you are acknowledging, agreeing and understand to the terms set forth above. I have read the above terms and agree with the terms of this engagement. Upon advice of counsel, our policy is to begin work only after receipt of this signed letter & your payment. APPROVED BY:
Penalties and Interest Charges. Federal, state, and local tax authorities impose various penalties and interest charges for non-compliance with taxlaws and regulations, including failure to file or late filing of returns, and underpayment of taxes. You, as the taxpayer, remain responsible for the payment of all tax, penalties, and interest charges imposed by tax authorities. Professional Fees We base our fees on the time required at our regular billing rates for the type of services and personnel assigned plus out-of- pocket expenses. We also give consideration to the complexity and size of the assignment, the degree of skill required, time limitations imposed on us by others, the experience and ability of the personnel assigned, the nature of the project, and the timely delivery as well as the quality and completeness of the information you provide. You agree that you will deliver all records requested and respond to all inquiries made by our staff to complete this engagement on a timely basis. You agree to pay all fees and expenses whether or not we prepare the tax returns. We may bill you on an interim or monthly basis prior to completion of this engagement. All invoices are due and payable upon presentation. Interest at a rate of 18% per annum will accrue on any balance not paid within 30 days of the invoice date. We reserve the right to suspend work until such time as payment for services is made current.
Penalties and Interest Charges. Federal, state, and local tax authorities impose various penalties and interest charges for non- compliance with tax laws and regulations including failure to file or late filing of returns, and underpayment of taxes. You, as the taxpayer, remain responsible for the payment of all tax, penalties, and interest charges imposed by tax authorities. We rely on the accuracy and completeness of the information you provide to us in connection with the preparation of your tax returns. Failure to disclose or inadequate disclosure of income or tax positions may result in the imposition of penalties and interest charges. Professional Fees Our minimum professional fee for the services outlined above is $1,750. A fee quote will be provided upon request after a CPA views the prior returns. Our fees are based upon the complexity of the work to be performed, and our professional time, as well as out-of-pocket expenses. In addition, our fees depend upon the timely delivery, availability, quality, and completeness of the information you provide to us. You agree that you will deliver all records requested and respond to all inquiries made by our staff to complete this engagement on a timely basis. You agree to pay all fees and expenses incurred whether or not we prepare the tax returns. Unless otherwise specifically stated, tax projection and planning for 2020 are not included in this engagement. An extension to file a tax return is not an extension to pay. The IRS and the states assess penalties and interest on any tax amount due and not paid by the initial deadline.
Penalties and Interest Charges. Federal, state and local taxing authorities impose various penalties and interest charges for non- compliance with tax law, including without limitation, failure to file or late filing of tax returns and underpayment of taxes. You, as the taxpayer, remain responsible for the payment of all taxes, penalties, and interest charges imposed by taxing authorities. Affordable Healthcare Act (“ACA”) Health Care Reform (also known as "Obamacare" or ACA) has passed and the result will be additional tax due for many taxpayers. The IRS is the administrator of these new taxes and unfortunately we are now required to do numerous additional calculations. There are two new taxes this year for certain income levels. In some cases the additional work involved will be minimal and will affect your tax return preparation fees slightly if at all. In other cases where substantial work is necessary, preparation fees may increase substantially. To minimize additional fees, you should provide all requested items in a timely manner.
Penalties and Interest Charges. Federal, state, and local taxing authorities impose various penalties and interest charges for non- compliance with tax laws and regulations, including, failure to file or late filing of returns, and underpayment or late payment of taxes. You, as the taxpayer, remain responsible for the payment of all tax, penalties, and interest charges imposed by tax authorities, including those for estimated tax payments. We rely on the accuracy and completeness of the information you provide to us in connection with the preparation of your tax returns. Failure to disclose or inadequate disclosure of income or tax positions may result in the imposition of penalties and interest charges. If it is determined that we have made an error, and the error results in a penalty, we will pay the penalty, provided we are informed of the error in a timely manner. We will not pay your tax, nor will we pay interest. We will not be responsible for any penalties for underpayment or late payment of tax because the tax was not paid sufficiently during the year through withholding or estimated tax payments. * * * * * * If the foregoing fairly sets forth your understanding, please sign and date this Agreement, print your name(s) in the spaces indicated below and return it to us to acknowledge your acceptance, along with your Retainer and tax information. If there are other services that you would like us to provide, please inform us of your request in writing in the notes portion of this letter below. We will respond to your request and a separate engagement letter may be required before any other professional services can be provided. We appreciate the opportunity to be of service to you. We will not initiate services until we receive this executed Agreement and Retainer. We believe this letter accurately summarizes the significant terms of our engagement. This Engagement Agreement is to confirm and specify the terms of our engagement with you, to clarify the nature and extent of the services we will provide, and confirm an understanding of our mutual responsibilities. We are pleased to have you as a client, and look forward to a long and mutually satisfying relationship. If you have any questions, please contact us. Thank you Xxxxxxxxxx, Xxxxxx & Xxxxxx Client signature Date
