Clients Acknowledgment printable pdf download

Name: _______________________________

Subject: Preparation of Your 2015 Tax Returns

We are pleased to provide you with professional services. Our firm will prepare your individual Federal

and State of Arkansas 2015 Income Tax returns. We will not audit or verify the data you submit to us;

however, we may ask you to clarify some of the data. If you desire, we will be available to assist and

guide you in gathering the necessary tax information for an additional fee.

Your income tax return is your responsibility. You should provide us with complete and accurate

information at least 45 days before it is due. You must retain all documents and records to substantiate

the items claimed on your tax return. It is your responsibility to provide written receipts for all charitable

deductions and documentation for all deductible vehicle expenses. We highly recommend that you review

the tax returns before signing them since you have the final responsibility for the information and the

associated tax liabilities including income, payroll, and quarterly estimated taxes. We will return your

original records to you at the end of this engagement. It is your responsibility to maintain, in your

records, the documentation necessary to support the data used in preparing your tax return. You

should securely store these records, along with all supporting documents, canceled checks, receipts, etc.,

as these items may later be needed to prove accuracy and completeness of a return. We are not

responsible for the disallowance of doubtful deductions or inadequately supported documentation, nor for

resulting taxes, penalties and interest. We will retain copies of your records and our work papers for your

engagement for seven years, after which these documents will be destroyed.

The preparation fees will be our firm’s calculated per-schedule rate. We will also be entitled to

reimbursement for excessive out-of-pocket expenses (including computer processing and copying costs.)

Our invoices are due and payable upon presentation. Additional services will not be performed until fees

for prior services are paid in full. Any unpaid balance over 30 days will be subject to a late fee. Any

accounts determined to be delinquent will be forwarded to our collection agent.

Your tax return is subject to review by the Internal Revenue Service or the state tax department. Should

an examination or inquiry occur, we will be able to represent you or answer the notice for an additional

fee. When a question arises or a conflict in law exists, we will use our professional judgment in resolving

such issues. Whenever possible, we will resolve said questions in your favor. You will be responsible for

any additional assessments by the taxing authorities, including penalties and interest. Income derived

from a foreign country is a reportable event. You are responsible for meeting tax or reporting

requirements of a foreign country.

Please notify our firm if you discover any information that may change your tax return or if you receive a

letter from the IRS or state taxing authority.

It is your responsibility to request any federal or state extension. You acknowledge we may request an

extension for your returns, if time limitations and work load dictate such immediate action by our firm. The

law provides for penalties and interest for any underpaid tax, regardless of whether an extension has

been filed. The extension is good only through October 15 of the filing year.

Clients Acknowledgment