Income Tax Return Engagement

To Yvickland & Associates LLC: We have engaged your firm to prepare our Tax Returns including the state(s)
For the year ending
In that regard I state that to the best of my knowledge and belief:
  1. I have provided true, correct, and complete information regarding my income as listed on the attached forms W-2, 1099, and/or attached written summaries. I understand that it is my responsibility to provide all the information necessary to complete the returns. I will retain for four years all documents, receipts, checks, and other records required to substantiate the items of income and expense on my returns.
  2. I have provided true, correct, and complete information regarding amounts I have provided to you to claim as tax deductions, and I have maintained written documentation supporting all amounts, including log books 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 another supportable position, you will use your professional judgment in resolving the issue.
  3. I understand that taxing authorities may examine the returns, and that documentation should be retained to support the information provided to you, especially business travel and entertainment deductions, business use percentage of automobiles and other assets, and barter activities. I also understand that penalties may be imposed on returns that are late, underpaid, or incorrect.
  4. I understand that you will not audit or otherwise verify any information provided. You may require clarification or additional information. You are not responsible for disallowed deductions or the inclusion of additional unreported income, nor for any resulting taxes, penalties, or interest.
  5. 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 a preparer error, I am responsible for any additional tax that may be due. However, the extent of your responsibility is limited to paying any penalty that the IRS or the state revenue department may assess.
  6. I will contact you immediately if I discover additional information that could lead to a change in my return, or if I receive any letters from the IRS or state taxing authorities.
  7. I understand that my/our bills will be due and payable upon preparation of my/our returns and that my/our return(s) will not be released, nor will any additional services be performed, until the bill for these services is paid in full.
  8. I have not employed any household help that would be subject to payroll taxes.
  9. I agree to pay Yvickland & Associates, LLC for the preparation of my/our return, including interest charges of 1.5% per month for any unpaid balance over ninety (90) days old. In addition, I agree to pay all costs and fees, including attorney fees, incurred by Yvickland & Associates, LLC in collecting the sums owed for preparation of these tax returns.
  10. In the unlikely event that differences concerning our services, fees, or other terms of this engagement arise and cannot be resolved by mutual agreement, we shall submit the disagreement to mediation. A competent and impartial third party acceptable to both parties shall be appointed to mediate. Each party shall pay an equal share of the mediator’s fees and expenses. No suit or arbitration proceedings shall be commenced under this agreement until at least 60 days after the mediator’s first meeting with the involved parties. If the disagreement requires litigation, the court shall be authorized to impose all defense costs against any non-prevailing party found not to have participated in the mediation process in good faith.
  11. If I/we can get reimbursed or do get reimbursed for any item on my return, I/we will not claim the expense, deduction, or credit for such item on my return.