January, 2024
Please read and sign below in order for us to complete your tax return.
We appreciate the opportunity to work with you. This letter is to specify the terms of our engagement, clarify the nature and extent of the services we will provide, and confirm an understanding of our mutual responsibilities.
DEADLINES:
March 1, 2024 - Deadline to submit tax information to Rosen & Associates.
April 18, 2024 - Deadline to PAY and FILE 2023 individual tax returns or extensions.
(There are no extensions to PAY taxes only to FILE the forms.)
We will prepare your 2023 federal and state income tax returns from the information you provide to us. Your use of this form will assist us in keeping pertinent information from being overlooked. If you are missing one piece of information, please send in what you have so we may calculate an estimate of your tax liability for extension purposes.
It is your responsibility to provide all the information required to prepare your returns. We may provide you with an organizer or checklist of information required for the returns, and you represent that the information you provide will be accurate and
complete to the best of your knowledge. We will not audit or otherwise verify the
information provided, although we may ask for clarification if the information appears to be incorrect, inconsistent, or incomplete. Our work in connection with the preparation of your income tax returns does not include any procedures designed to discover errors or other irregularities, should any exist. You have the final responsibility for the income tax returns and, therefore, you should review them carefully before you sign and file them.
Taxpayers are required to maintain all the documents that form the basis of income, deductions, credits and payments shown on the return. In addition, some items have specific substantiation requirements set forth by the IRS (e.g., auto, meals & entertainment, charitable contributions over $250, etc.). If you have any questions as to the type of records required, please ask us for advice in that regard. Your signature on this letter confirms that we have advised you of the record keeping requirements.
We will use our judgment to resolve questions in your favor where the tax law is unclear or where there are conflicts between the taxing authorities' interpretation of the law and what seem to be other supportable positions. There may be situations where we are required by law to disclose a position on a tax return. We are not attorneys therefore, we cannot provide you with a legal opinion on various tax positions. We can, however, advise you of the consequences of different positions. We will adopt whatever position you request on your returns so long as it is consistent with our professional standards and ethics. In the event, however, that you ask us to take an unsupported tax position or refuse to make any required disclosures, we reserve the right to withdraw from the engagement without completing or delivering the tax returns. Such withdrawal would complete our engagement and you agree to pay our fees based on time expended (at our standard rates) plus all out-of-pocket expenses through the date of withdrawal.
If your returns are selected for examination by a government agency, we will be
available, upon request, to represent you and will render additional invoices for the time and expenses incurred.
Our fees for services provided will be based on the time spent in preparing your return, unless other arrangements have been previously made.
By signing this engagement letter, you agree to authorize us to prepare your personal income tax returns and to indemnify us and hold us harmless from any liability and costs from misrepresentations of any item you have supplied to us.
You may be responsible for compliance with the Corporate Transparency Act ("CTA"). Business owners are responsible for ensuring that any required reporting of beneficial ownership information is timely filed with the Financial Crimes Enforcement Network ("FinCEN") as required by the CTA. As we are not rendering any legal services as part of our engagement, we will not be responsible for advising you regarding the legal or regulatory aspects of compliance with the CTA, nor are we responsible for the preparation or submission of any beneficial ownership information reports to FinCEN. If you have any questions regarding your compliance with the CTA, including but not limited to whether an exemption may apply to your organization or to ascertain whether relationships constitute beneficial ownership under CTA rules, we strongly encourage you to consult with qualified legal counsel experienced in this area.
Please execute this letter by signing below, and return along with a completed copy of the enclosed tax organizer and the supporting documentation requested therein.
If we do not receive a signed letter, but receive from you a completed copy of the
enclosed tax organizer, and/or supporting documentation, then such receipt by this
office shall be deemed as evidence of your acceptance of all the terms set forth above.
Thank you for your attention to this matter, and please contact us with any questions that you may have. We look forward to serving you.
Sincerely,
Rosen & Associates, LLP
