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PLEASE SIGN & RETURN
I have engaged your firm to prepare my:
Federal Income Tax Return
State Income Tax Return(s)
City Income Tax Return(s),
(if necessary)
For the year ended December 31, 2008. I
understand that it is my responsibility to
provide you with all of the information
required to complete my tax returns. In that
regard, I state that to the best of my
knowledge and belief:
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I understand that it is my
responsibility to provide all the
information necessary to complete the
returns. I will retain for 4 years
all the documents, receipts,
cancelled checks and other records
required to substantiate the items of
income and expense claimed on my
return.
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I have provided true, correct and
complete information regarding
amounts I have provided to you to
claim as tax deductions, and have
maintained written documentation
supporting all amounts, including
logbooks and receipts. I understand
that if a question arises regarding
the interpretation of tax law, and a
conflict exists between the tax
authorities’ interpretation of the
law, and other supportable positions,
that you will use your professional
judgment in resolving the issues.
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I understand that taxing authorities
may examine the returns, that
documentation should be retained to
support the information provide to
you, especially business travel and
entertainment deductions, business
use % of autos and other assets, and
barter activities, and that penalties
may be imposed on returns that are
late, underpaid or incorrect.
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I understand that you will not audit
or otherwise verify any information,
that you may require clarification or
additional information, that you are
not responsible for disallowed
deductions, or the inclusion of
additional unreported income or any
resulting taxes, penalties or
interest.
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I understand that I will be
charged an additional fee if you are
asked to assist or represent me in a
tax examination OR INQUIRY. I
understand that, in the event of
preparer error, I am responsible for
additional tax that may be due, but
that the extent of your
responsibility is to pay for any
penalty that the IRS or the above
state revenue department may assess
up to the total fee charged for that
return up to the total charge for
preparation of the returns.
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I will contact you immediately if I
discover additional information that
will lead to a change in my return,
or if I receive any letters from the
IRS or state taxing authorities.
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I understand that your policy is to
put all tax advice in writing, and
that I will not rely upon any
unwritten advice because it may be
tentative, incomplete, or not fully
reviewed.
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I understand that your bill will be
due and payable upon completion of
these returns, and that additional
services will not be performed until
the bill for these services is paid
in full. I understand that your bill
will be based upon the predetermined
amount given to me or by the standard
billing rates presented to me. I will
agree to pay a finance charge of 1½%
per month if the bill is over 30 days
outstanding.
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I understand that you will not file
any federal, state or local tax
extensions without my specific
written request to do so.
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If there are other services or tax
returns that I expect you to prepare,
such as estate, gift, sales,
fiduciary, property or other states
or cities, I will note them at the
bottom of this letter.
RECORD RETENTION
In accordance with our firm’s current
document retention policy, we will retain our
work papers and your tax returns for your
engagement for four years.
We will provide you a copy of the
depreciation schedules and tax returns and
other pertinent work papers that should be a
part of your books and records. If you should
need replacements, we will provide additional
copies at our standard copying fees. All of
your original records will be returned to
you. After four years, our work papers and
files will no longer be available. Physical
deterioration or catastrophic events may
shorten the term during which our records
will be available. The working papers and
files of our firm are not a substitute for
the original records of your company. It is
agreed and understood that in connection with
the performance of this engagement by MAS
Advisory Services, Inc. that the work papers
prepared by us shall remain the property of
MAS Advisory Services, Inc.
We appreciate the opportunity to serve you,
and look forward to a continuing, mutually
satisfying relationship.
Very truly yours,
MAS Advisory Services, Inc.
Steven A. Marshall, CPC
The terms described in this letter are
acceptable and are hereby agreed to and shall
remain in effect until terminated by either
party in writing.
Accepted by:
Date:
Company:
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