LETTER

[TAXMAN]

Anyone have a generic letter that I could look at to see how to write mine? Thanks You may email me the letter [email protected] or post here. Someone else may be looking for something. I am a sole preparer and need something simple. Thanks

[jainen]

>>a generic letter<<

Here's one that covers the basics. I wouldn't use the word "defalcations" because it relates more to accountancy and nobody knows what it means anyway. Also note that "more likely than not" has been rescinded as a professional standard. In my opinion the tone of this letter is too negative, focusing on proving things at audit, penalties, even non-payment of prep fees. http://www.accountantsworld.com/taxletters/1040.doc

[Jake]

The tax organizer in ATX has engagement letter. I like the wording in it.

Jake

[bstaxes]

I use the one in atx organizer and modify where needed.

[michaelmars]

DEAR

This letter is to confirm our understanding of the terms of our agreement and outline the nature and extent of

the services we will provide. Based on the information you furnish, we will prepare your Federal and

applicable State (s) and local income tax returns for the year ending DECEMBER 31, 2007.

We will not audit or verify the data you submit to us, unless otherwise engaged, although we may ask you for

clarification when necessary. All the information you submit will, to the best of your knowledge, be correct

and complete and include all other information necessary for the completion of your tax returns.

We will also prepare estimated tax vouchers if required, based on your tax return. If you anticipate a

substantial change in income or withholding, please advise us so that we can determine if an adjustment

should be made to your estimated taxes. If you request us to prepare estimates from information other than

your 2007 tax return you may be liable for underpayment of estimated tax penalties.

Your returns are subject to review by the taxing authorities. In the event of an examination, we will be

available upon request to represent you, or to review the results of any examination. Billing for these

additional services will be at agreed upon rates.

Income tax regulations provide that the preparer of tax returns may not ignore the implications of

information furnished, and must make reasonable inquiries of the taxpayer (s) if the information appears

incorrect or incomplete, and must make inquiry as to the documentation maintained and receive a reasonable

response before claiming certain deductions.

Signing below confirms to us that you are aware of the expense deductions claimed as to which

documentation and adequate records are required, and are available in support of such deductions. You also

confirm that you are responsible for retaining copies of your tax returns and supporting documentation for

the statutory periods which are never less than 3 years from the date you file your return. We recommend

you retain your tax returns indefinitely and all other financial records at least 7 years.

You have the final responsibility for your returns. Please review them carefully before you submit them.

Please be advised that we will be unable to process your tax return if you fail to return this letter to us duly

signed and dated.

RESPECTFULLY SUBMITTED,

MICHAEL B. MARGOLIS, C.P.A., PC

I CONFIRM THE ABOVE:

__________________________________

SIGNATURE

__________________________

DATE