Partnership Income Tax Return Engagement Letter Template

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AURORA TAXES & ACCOUNTING
PO BOX 664 ANCHOR POINT AK 99556-0664 (907) 235-2411
Partnership
2015 And All Prior Years
Income Tax Return Engagement Letter
Partnership Names: ___________________________________________
We are pleased to confirm our understanding of the arrangements for your income tax return(s). This letter confirms the services you
have asked our firm to perform and the terms under which we have agreed to do that work. Please read this letter carefully because it is
important to both our firm and you that you understand what you can and cannot expect from our work. In other words, we want you to
know the limitations of the services you have asked us to perform. If you are confused at all by this letter or believe we have
misunderstood what you need, please call to discuss this letter before you sign it.
The Internal Revenue Service imposes penalties on taxpayers, and on us as return preparers, for failure to observe due care in reporting
for income tax returns. In order to ensure an understanding of our mutual responsibilities, we ask all clients for whom we prepare tax
returns to confirm the following arrangements.
We will prepare your 2015 Federal and Alaska Partnership Income tax form and related Federal and Alaska partnership income tax return
schedules from information you furnish us. We do not use foreign third parties for preparation of your tax return. We will not audit or
otherwise verify the data you submit although we may ask you to clarify some of the information. We may furnish you with tax organizers
and questionnaires to help you gather and organize the necessary information for us, in order to keep our fee to a minimum. We are
responsible for preparing only the returns listed previously, if you have taxable activity in a state other than that specifically
listed you are responsible for providing our firm with all information necessary to prepare any additional applicable state(s)
income tax returns as well as informing us of the applicable states. Any additional state income tax returns will be prepared as a
separate engagement. If you have income tax filing requirements in a given state but do not file that return there could be possible
adverse ramifications such as an unlimited statute of limitations, penalties, etc. If you would like us to investigate to determine each state
where you have an income tax filing requirement please inform us. We are responsible for preparing only the returns listed above. All
others are to be prepared by you or other preparers. If there are additional returns you wish us to prepare, such as sales tax, property
tax, inheritance, gift or estate tax, other income tax returns for other entities, or other states' or cities tax returns please insert them here:
________________________.
If you have derived income from a foreign country, we will use the foreign country income information which you provide to calculate any
applicable federal or state foreign tax credit or other affected federal or state income tax items. However, you are responsible for meeting
any foreign country income tax or other foreign country reporting requirements.
We must receive all information to prepare your return by March 1, 2016, to ensure that your return will be completed by March 15, 2016.
If we have not received all of your information by March 1, 2016 and your return is not completed by March 15, 2016, you may be subject
to late filing or late payment penalties.
It is your responsibility to maintain, in your records, the documentation necessary to support the data used in preparing your tax returns,
including but not limited to the auto, travel, entertainment, and related expenses and the required documents to support charitable
contributions over $250. If you have any questions as to the type of records required, please ask us for advice in that regard. It is also
your responsibility to carefully examine and approve your completed tax returns before signing and mailing them to the tax authorities.
We are not responsible for the disallowance of doubtful deductions or inadequately supported documentation, nor for resulting taxes,
penalties and interest. We will rely, without further verification, upon information you provide to us from 3rd parties including, but not
limited to, K-1s, 1099's, 1098's, receipts and similar items.
Our fee does not include responding to inquires or examination by taxing authorities. However, we are available to represent you
and our fees for such services are at our standard rates and would be covered under a separate engagement letter.
We will use our professional judgment in preparing your returns. Whenever we are aware that a possibly applicable tax law is unclear or
that there are conflicting interpretations of the law by authorities (e.g., tax agencies and courts), we will explain the possible positions that

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