709t Engagement Letter - Varney & Associates, Cpas, Llc. printable pdf download

709 – UNITED STATES GIFT TAX RETURN ENGAGEMENT LETTER

This letter is to specify the terms of our engagement for the year 2015 to clarify the nature and extent of the services we will provide,

and to confirm an understanding of our mutual responsibilities.

We will prepare the appropriate federal gift tax returns from information that you will provide to us. We will rely on the information

provided without verifying it, however we may ask for clarification if the information appears to be incorrect, inconsistent, or incomplete.

Our work in connection with the preparation of your tax returns does not include any procedures designed to discover errors or other

irregularities, should any exist. Likewise, we do not warrant the accuracy of any valuations or the appropriateness of the values used in

the preparation of the tax returns.

You should retain all the documents and other data that form the basis of calculating the gift. These may be necessary to prove the

accuracy and completeness of the returns to a taxing authority. You have the final responsibility for the gift tax returns and, therefore,

you should carefully review them before you sign them. The law provides various penalties that may be imposed when taxpayers

understate their tax liability.

We will use our professional judgment to resolve questions in your favor where the tax law is unclear or where there are conflicts

between taxing authorities interpretation of the law and what seems to be other supportable positions, assuming there is appropriate

authority for the position and as long as it is consistent with our professional standards and ethics.

Under the rules of professional responsibility governing our practice, we may have to provide additional accounting or research services

in preparing your tax return. Additionally, we would be pleased to consult with you regarding other income tax matters, such as

proposed or completed transactions, income tax projections, and for research in connection with such matters. We will render additional

invoices for such additional services at our standard billing rates.

The return(s) may be selected for examination or audit by the taxing authorities. In the event adjustments are proposed by the taxing

authorities, you may have a right to appeal that conclusion. We will be available to represent you under the terms of a separate

engagement.

Our fee for these services will be based upon the amount of time required plus out-of-pocket expenses. All invoices are due and

payable upon presentation. Amounts not paid within 30 days will be subject to a late payment charge of 1.5% (18% annually).

If the foregoing fairly sets forth your understanding for tax return preparation services, please sign below and return it to our office. We

want to express our appreciation for this opportunity to work with you.

Varney & Associates, CPAs, LLC

ACCEPTED BY:

_____________________________________

_________________________________

_________________

Taxpayer Signature

Taxpayer Name Printed