By accepting this agreement, Bookmate may be contracted in the preparation of your tax returns. Here, we are setting forth the pertinent information about the servicesthat we propose to render to you.
We will prepare your businesses’ 2023 federal and state income tax returns (and personal returns if applicable) based on the information provided to us, including the returns you filed last year if applicable. Our services are not intended to determine whether you have filing requirements in taxing jurisdictions other than the one(s) you have indicated. We will prepare the above-referenced tax returns solely for filing with the IRS and state and local tax authorities as identified above.Our work is not intended to benefit or influence any third party, either to obtain credit or for any other purpose. You agree to indemnify and hold us harmless with respect to any and all claims arising from the use of the tax returns for any purpose other than filing with the IRS and state and local tax authorities regardless of the nature of the claim, including the negligence of any party.
It is possible that certain individuals may be required to electronically file Form 114, Report of Foreign Bank and Financial Accounts (FBAR) with the U.S. Department of the Treasury. Unless otherwise specifically agreed in writing, we will not prepare, file, or provide assistance with this form. It is your responsibility to provide all the information required for the preparation of complete and accurate returns.
You should retain all the documents, cancelled checks, and other data that form the basis of income and deductions. These may be necessary to prove the accuracy and completeness of the returns to a taxing authority. Our work in connection with the preparation of your income tax returns does not include any procedures designed to discover defalcations or other irregularities, should any exist. You have the final responsibility for the income tax returns.
We will use our judgement in resolving questions where the tax law is unclear, or where there may be conflicts between taxing authorities, interpretations of the law, and other supportable positions. Unless otherwise instructed by you, we will resolve such questions in your favor whenever possible. The filing deadline for the tax returns is March 15, 2024 for partnerships and April 15th, 2024 for corporations and individuals .In order to meet these filing deadlines, the information needed to complete the returns should be received in this office no later than February 28, 2024. If we receive your information after this date, we will make every effort to complete your returns without an extension, but will give priority service to clients who submitted information on time. This means a free extension may be filed on your behalf, depending on our workload.
Your returns may be selected for examination or audit by tax authorities. In the event of such governmental tax examination, we would be pleased to represent you under the terms of a separate engagement. We are committed to maintaining the privacy of information related to our clients that we collect and maintain as a result of our business practices. For current and former clients, we do not disclose any personal information obtained in the course of our practice except as required or permitted by law. Permitted disclosures include, for instance, providing information to our employees, and in limited situations, to third parties who need to know that information to assist us in providing services to you, or for the purposes of collecting past due account balances. In all such situations, we stress the confidential nature of the information being shared. We retain records relating to professional services that we provide so that we are better able to assist you with your professional needs and, in some cases, to comply with professional guidelines. While we strive to use commercially acceptable means to protect your personal information, we cannot guarantee its absolute security. We may have data shared with us through our whitelabel partners if applicable.
Fees for services will be billed for the level and value of services rendered, plus out-of-pocket expenses. Our liability for all claims, damages, and costs arising from this engagement is limited to two times the total amount of fees paid for services rendered under this agreement. You may terminate this engagement at any time. Should you do so, however, you remain liable for all unpaid fees as discussed above. We reserve the right to withdraw from this engagement at any time because of unpaid fees, the guidance of our professional standards, or for any other reason. We will notify you in advance of any decision by us to withdraw, and will take all reasonable steps to assist in the orderly transfer of your tax services. Otherwise, this engagement will be considered complete upon the filing of tax documents to the IRS. By submitting your tax work papers to us, you are agreeing to the terms and conditions of this engagement letter. We want to express our appreciation for the opportunity to work with you.
