Terms of Engagement for Income Tax Preparation & Filing
Thank you for selecting AMS ProServ to assist you with your tax affairs. This letter confirms the terms of our engagement with you and the nature and extent of services we will provide.
We will prepare your Federal, State, and Local income tax returns using information you provide to us and to file such tax returns with the proper taxing authorities. We may ask for clarification of some items, but we will not audit or otherwise verify the data you submit.
It is your responsibility to provide information required for preparation of complete and accurate returns. You should keep all documents, canceled checks and other data that support your reported income and deductions. They may be necessary to prove accuracy and completeness of the returns to a taxing authority.
Our work will not include any procedures to discover defalcations or other irregularities. The only accounting or analysis work we will do is that which is necessary for preparation of your income tax returns.
We must use our judgment in resolving questions where the tax law is unclear, or where there may be conflicts between the taxing authorities’ interpretations of the law and other supportable positions. In order to avoid penalties, we will apply the “more likely than not” reliance standard to resolve such issues. You agree to honor our decisions regarding the need to make protective disclosures in your returns.
The law also imposes penalties when taxpayers understate their tax liability. The law also requires you to notify us of any all foreign financial accounts – failure to do so could result in adverse ramifications, including penalties, etc.
You may receive audit or adjustment notices from Federal, State, and Local taxing authorities. Any proposed adjustments are subject to appeal. In the event you receive any notices, we can arrange to assess such notices and provide a proposed resolution. Fees and expenses for responding to these notices will be invoiced in accordance with terms we agree on for each occurrence.
Fees for our services will be at our standard rates for tax work which vary according to the degree of responsibility involved. Invoices are due and payable upon presentation of completed tax return. You acknowledge that, if we withdraw from this engagement as a result of your failure to pay on a timely basis, we shall not be liable to you for any damages that occur as a result.
We will retain copies of records you supplied to us along with our work papers for your engagement for a period of seven years. After seven years, our work papers and engagement files will be destroyed. Copies of your original records will be returned to you at the end of this engagement unless otherwise agreed.
In Lieu of missing signatures on Form 8879 E-File Signature Authorization, Taxpayer and Spouse (if applicable) agree to allow AMS ProServ to e-file their tax returns.
To affirm that this terms of engagement correctly summarizes your understanding of the arrangements for this work, you must agree by submitting your electronic signature with our Tax Return Engagement form located at https://www.amsproserv.com/tax-engagement
Last updated 12/10/2024