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Engagement Letter

We are pleased you have engaged JC&Company PC (“JC&Co.” or “Locus Tax”) to provide tax compliance and tax consulting services for you. This letter confirms the scope and related terms of your engagement of JC&Co.

 

INCOME TAX RETURN PREPARATION – We will prepare the federal and applicable state income tax returns for calendar or fiscal year 2016, as appropriate. We will prepare these returns based on information you furnish to us. It is your responsibility to provide us with all the information necessary for the preparation of complete and accurate income tax returns. We will not verify the information you give us; however, we may ask for additional clarification of some information. It is important this information indicates the amount of income earned in each foreign country and foreign tax paid. We will rely on the data you submit to us and will not audit or otherwise verify this data.

You consent to the transfer of your personal information to the United States so that JC&Co. may process your personal information, file your tax return and use and disclose this information as permitted by the Internal Revenue Code and United States law.

 

FEES AND EXPENSES FOR TAX RETURN PREPARATION SERVICES – Our fees for tax services is determined based upon the complete and accurate information provided by you, and the price quote is communicated to you prior to your work acceptance. Fees shall be paid with your acceptance in the amount stated by your price quote.

Making a payment at the time of your acceptance does not obligate you to continue with our services if you are unsatisfied with our services, and the unused balance will be refunded to you if you want to disengage us from the services after we deduct reasonable fee for the services incurred up to that time, but only if such request is made before you review the draft tax returns.

Your fee is subject to change including but not limited to, we reasonably request a price increase based on unforeseeable circumstances within your return, your return requires more work than previously anticipated based on new information provided by you after the price quote, or the information provided by you prior to the price quote was incorrect or incomplete.

 

TAX ADVICE AND RESEARCH – If you desire, we are available to consult with you and provide advice in connection with your federal and state income tax returns. When such tax advice and research is beyond the scope of the tax return preparation engagement, our fees for this service will be based on the time required for work performed, plus out-of-pocket expenses. Our rate for tax advice and additional research is $150 per hour.

 

EXAMINATION OF YOUR RETURN AND SUPPORTING DOCUMENTATION – Your returns are subject to examination by federal and state taxing authorities. In the event of an audit, you may be requested to produce documents, records, or other evidence to substantiate the items of income and deduction shown on the tax return. If an examination occurs, we will represent you if you so desire and upon your request. Representation of you at an examination of your tax returns is an additional service and is not included in our fee for the preparation of your tax returns.

It is important for you to know that the law imposes a penalty if a taxpayer makes a substantial understatement of tax liability. You should also know that IRS audit procedures will almost always include questions related to the child tax credit (if applicable), foreign tax payments, dates of U.S. presence, and deductions that require strict documentation such as travel and entertainment expenses, charitable donations, and expenses for business usage of personal homes, autos and computers. In preparing your returns, we rely on your representations that we have been provided with accurate information and that you understand and have complied with the documentation requirements for your expense deductions.

 

PRIOR YEAR INFORMATION AND RETURNS – If, during our preparation of your tax returns we discover information that affects your prior year tax returns, we will make you aware of this information. However, we are not responsible for identifying all items that may affect prior year returns. If you become aware of such information during the year, please contact us to discuss the best resolution of the issue.
If the tax return preparation services and terms outlined above are in accordance with your understanding of our engagement, please process the payment. We appreciate this opportunity to serve you. If you have any questions or need any additional information, please do not hesitate to contact us.

Email: info@jclawcpa.com

Phone: 1 949 553 1110