Common use of Penalties and Interest Charges Clause in Contracts

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. 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: [Member/Partner Signature] [Date] [Member/Partner Name] [Member/Partner Email] 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 inconsistency between the engagement letter and this Terms and Conditions Addendum, the engagement letter will prevail to the extent of the inconsistency. For the purposes of this Terms and Conditions Addendum, any reference to “firm,” “we,” “us,” or “our” is a reference to Xxxxx + Beam, CPAs, LLC, and any reference to “you,” or “your” is a reference to the party or parties that have engaged us to provide services. References to “Agreement” mean the engagement letter or other written document describing the scope of services, any other attachments incorporated therein, and this Terms and Conditions Addendum.

Penalties and Interest Charges. Federal, state, and local tax taxing authorities impose various penalties and interest charges for non-compliance with tax laws and regulationslaw, including including, for example, failure to file or late filing of returns, and underpayment of taxes. You, You as the taxpayer, remain responsible for the payment of all taxtaxes, penalties, and interest charges imposed by tax the taxing authorities. We rely on the accuracy and completeness of the information you provide to us in the connection with the preparation of your tax returns. Failure to disclose disclose, or inadequate disclosure of income or tax positions may positions, can result in the imposition of penalties and interest charges. Your returns The IRS and many states impose penalties for substantial understatement of tax. To avoid the substantial understatement penalty, you must have substantial authority to support the tax treatment of the item challenged by the IRS or adequate disclosure of the item. A complete IRS Form 8275 or 8275-R, which discloses all relevant facts, may be selected required to be attached to your tax return to meet the adequate disclosure requirement. A disclosed tax position that meets the reasonable basis standard must have some authority supporting the position and be more than just arguable. You agree to advise us if you wish to disclose a tax treatment(s) on your return. If you request our assistance in identifying or performing further research to ascertain if there is “substantial authority” for review by the taxing authoritiesproposed position to be taken on the tax items in your returns, we would be pleased to discuss providing this additional service to you under the terms of a separate engagement letter. Any proposed adjustments by It is your responsibility to contact us if additional assistance is required. Unless an undisclosed tax position meets the examining agent are subject to certain rights of appeal. In the event of such governmental tax examinationsubstantial authority or “more likely than not” standard, as applicable, we will be availableunable to prepare the return and will withdraw from the engagement. If we conclude as a result of our research that you are required to disclose a transaction on your tax return, upon request, you consent to represent you under attach a separate engagement letter complete Form 8275 or 8275-R to your tax return 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 after we discuss 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. We want to express our appreciation for this opportunity to work situation with you. The heartbeat You also agree to hold our firm and any of our business is a referral from a valued client like you. Please feel free its partners, principals, shareholders, officers, directors, members, employees, agents or assigns harmless for any and all actual and consequential damages (including but not limited to pass our information on to your friends or family that might benefit from our services. Very truly yourstaxes, Xxxxx X. Xxxxxpenalties, CPA Principal Shareholder | Xxxxx + Beam CPAs, LLC ACCEPTED: [Member/Partner Signature] [Date] [Member/Partner Name] [Member/Partner Email] This addendum to the engagement letter describes our standard terms and conditions (“Terms and Conditions”) related to our provision of services to you. This addenduminterest, and the accompanying engagement letter, comprise attorney’s fees and costs) that you incur as a result of including such disclosures with your agreement with us (“Agreement”). If there is any inconsistency between the engagement letter and this Terms and Conditions Addendum, the engagement letter will prevail to the extent filed tax returns regardless of the inconsistency. For nature of the purposes claim, including the negligence of this Terms and Conditions Addendum, any reference to “firm,” “we,” “us,” or “our” is a reference to Xxxxx + Beam, CPAs, LLC, and any reference to “you,” or “your” is a reference to the party or parties that have engaged us to provide services. References to “Agreement” mean the engagement letter or other written document describing the scope of services, any other attachments incorporated therein, and this Terms and Conditions Addendumparty.

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 writingwriting 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: [Member/Partner Shareholder Signature] [Date] [Member/Partner Shareholder Name] [Member/Partner Shareholder Email] 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 inconsistency between the engagement letter and this Terms and Conditions Addendum, the engagement letter will prevail to the extent of the inconsistency. For the purposes of this Terms and Conditions Addendum, any reference to “firm,” “we,” “us,” or “our” is a reference to Xxxxx + Beam, CPAs, LLC, and any reference to “you,” or “your” is a reference to the party or parties that have engaged us to provide services. References to “Agreement” mean the engagement letter or other written document describing the scope of services, any other attachments incorporated therein, and this Terms and Conditions Addendum.

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 Please acknowledge your receipt of this Agreement (including the foregoing fairly sets forth Xxxxx + Beam CPA, LLC’s Terms and Conditions Addendum) and your understanding, please sign acceptance of the terms of the Agreement by signing and dating the enclosed copy of this letter in the space indicated and return returning it to our officeus. HoweverImportantly, if there are additional returns you expect us to prepare, such as business tangible personal property returns (due May 15th), please notify us in writingwriting immediately. Although this engagement is limited to the engagement identified above, this agreement will also cover the firm's engagement terms with respect to other professional accounting matters that may arise in the future. Before accepting any request for a new engagement, we will review the proposed matter for possible conflicts of interest and other considerations. 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: [Member/Partner Executor or Trustee Name] [Executor or Trustee Signature] [Date] [Member/Partner Name] [Member/Partner Executor or Trustee Email] 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 inconsistency between the engagement letter and this Terms and Conditions Addendum, the engagement letter will prevail to the extent of the inconsistency. For the purposes of this Terms and Conditions Addendum, any reference to “firm,” “we,” “us,” or “our” is a reference to Xxxxx + Beam, CPAs, LLC, and any reference to “you,” or “your” is a reference to the party or parties that have engaged us to provide services. References to “Agreement” mean the engagement letter or other written document describing the scope of services, any other attachments incorporated therein, and this Terms and Conditions Addendum.