Thank you for choosing us to assist you with your income tax return preparation. This letter confirms the terms of our engagement with you and outlines the nature and extent of the services we will provide.
We will prepare your federal, state and local income tax returns. We will depend on you to provide the information we need to prepare complete and accurate returns. We may ask you to clarify some items but will not audit or otherwise verify the data you submit.
We will perform accounting services only as needed to prepare your tax returns. Our work will not include procedures to find misappropriated funds or other irregularities. Accordingly, our engagement should not be relied upon to disclose errors , fraud or other illegal acts, though it may be necessary for you to clarify some other information you submit. We will, of course, inform you of any material errors, fraud, or other illegal acts we discover.
The law imposes penalties when taxpayers underestimate their tax liability.
Please call us if you have concerns about such penalties.
Should we encounter instances of unclear tax law, or of potential conflicts in the interpretation of the law, we will outline the reasonable courses of action and the risks and consequences of each. We will ultimately adopt, on your behalf, the alternative you select.
We will return your original records to you at the end of this engagement. you should store these records, along with all supporting documents, cancelled checks, etc, as these items may later be needed to prove accuracy and completeness of a return. We will retain ONLY a copy of your completed tax returns for three years, after which these documents will be destroyed.
Our engagement to prepare your tax returns will conclude with the delivery of the completed returns to you (if paper filing) or your signing, and the subsequential submittal, of your tax return (if e-filing). If your have not selected to e-file your returns with our office, you will be solely responsible to file the returns with the appropriate tax authorities. Review all tax return documents carefully before signing them.
We appreciate your confidence in us. Please call if you have any questions.