ENGAGEMENT LETTER
Dear [Client’s Last Name],
We are excited to announce that Ma-Societe-US will be serving as your intermediary for tax filing, partnering with our esteemed associates in the XXX, , LLC, and Loyal Tax & Accounting, Inc. (PROFIT & LOYAL). This letter is intended to formalize and elucidate the terms of our engagement, delineating the extent of services we will provide.
PROFIT & LOYAL will be entrusted with the preparation of your XXX tax return, drawing from the information you supply to XXX. Your completion of the enclosed form will be invaluable in ensuring the accuracy and comprehensiveness of this process. In instances where information is missing, we kindly request your provision of current tax data, which will aid in estimating your tax liability for extension purposes.
Please be apprised that we will not be conducting audits or reviews of financial statements in the conventional sense of generally accepted auditing standards, nor will we examine other accounting documents or information you provide. It is important to understand that our services do not encompass the detection of errors, fraud, or illegal activities, should they exist.
To expedite the timely completion of this engagement, we humbly request your furnishing of a concise summary of your revenue and expenses. In cases where your assets exceed $250,000, your provision of a trial balance would be greatly appreciated. We may also find it necessary to request supplementary documents, including but not limited to bank statements, canceled checks, and invoices.
In the event that your tax return is selected for audit by the IRS or state tax authorities, rest assured that XXX will work closely with our CPA partner to provide guidance. However, please be aware that the associated expenses are not encompassed within your tax preparation fees. Separate invoices will be issued by XXXX to cover the additional time and expenses incurred.
We are honored by the opportunity to assist you and believe that this letter effectively captures the salient aspects of our engagement. If you have any queries or seek further clarification, please feel free to reach out. Should the terms outlined in this letter align with your expectations, we kindly request your signature below and prompt return of the document. We eagerly anticipate the prospect of collaboration!
Please be informed that this engagement solely covers the services enumerated above, for which a corresponding fee of $XXX will apply.
To acknowledge your understanding and acceptance of our respective responsibilities, we respectfully request your signature below.
Warm regards,
[Your Name] [Your Position] XXX
[Client’s Full Name] [Client’s Position] [Company Name]
CONSENT TO USE OF TAX RETURN INFORMATION
Federal law necessitates your consent for the disclosure of your tax return information. This consent empowers us to share your tax return details with PROFIT & LOYAL for the express purpose of tax preparation and filing. It is paramount to recognize that providing this consent may relinquish certain protections pertaining to the further use or dissemination of your tax return information.
In light of your utilization of XXX for tax preparation, involving collaboration with PROFIT & LOYAL, your endorsement of this form is imperative. This form facilitates our role as intermediaries between you and PROFIT & LOYAL. By consenting to the sharing of your tax return information, your agreement will be effective for the duration you stipulate. In the absence of a specified duration, this consent will be valid for one year from the date of signing.
By signing below, you grant XXX permission to share your COMPANY NAME’s tax returns with PROFIT & LOYAL for the purpose of filing your company’s tax returns. This consent will remain in effect as indicated below, unless either party terminates it through written notice provided with a 30-day lead time.
Name: ________________________
Position: ________________________
Signature: _____________________
Date: _________________________
Should you suspect that your tax return information has been inappropriately disclosed or utilized in violation of the law or without your authorization, you can contact the Treasury Inspector General for Tax Administration (TIGTA) via telephone at 1-800-366-4484 or by email at XXX.
DECLARATION OF NON-ETBUS
I, [CLIENT’S NAME], solemnly declare the veracity of all my statements. Every assertion I make is grounded in the truth and accuracy to the best of my capacity.
I affirm that I, [CLIENT’S NAME], am the duly authorized representative of [CLIENT’S NAME], vested with the authority to represent all shareholders of [COMPANY NAME].
I assert that [COMPANY NAME] is not engaged in any trade or business within the United States [Non-ETBUS].
I confirm that in 20XX, [COMPANY NAME] did not employ any dependent agents in the United States.
I declare that none of the shareholders of [COMPANY NAME] are citizens of [COUNTRY NAME] in 20XX. Moreover, none of the shareholders of [COMPANY NAME] hold US citizenship, possess a US green card, bear a US visa, or qualify as US tax residents.
I verify that [COMPANY NAME] did not secure any licenses for operation within the United States in 20XX.
I attest that in 20XX, none of the shareholders of [COMPANY NAME] possess an Individual Taxpayer Identification Number (ITIN) or Social Security number in the United States.
I affirm that all shareholders of [COMPANY NAME] bear full responsibility for asserting the NON-ETBUS status. MA-Society-US and its tax preparation partners (Profityo, LLC and Loyal Tax Accounting, Inc) will not be held accountable for any claims made by [COMPANY NAME] should the Internal Revenue Service challenge [COMPANY NAME]’s trade or business status within the United States [ETBUS].
Sincerely,
/s/______________________
[Your Name]
[Your Position]
MA-Society-US
Client Acceptance
/s/________________________
[Full Name]
[Client’s Position]
[Company Name]
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