January 31, 2019

Terms of Engagement

We will prepare your federal and state income tax returns. We will depend on you to provide the information we
need to prepare complete and accurate returns. We may ask you to clarify some items but will not audit or otherwise
verify the data you submit.
We will perform accounting services only as needed to prepare your tax returns. Our work will not include procedures
to fmd defalcations or other irregularities. Accordingly, our engagement should not be relied upon to disclose errors,
fraud, or other illegal acts, though it may be necessary for you to clarify some of the information you submit. We will
inform you of any material errors, fraud, or other illegal acts we discover.
The law imposes penalties when taxpayers underestimate their tax liability. Call us if you have concerns about such
penalties. Should we encounter instances of unclear tax law, or of potential conflicts in the interpretation of the law, we
will outline the reasonable courses of action and the risks and consequences of each. We will ultimately adopt, on your
behalf, the alternative you select.
Our fee is based on our standard billing rates plus out-of-pocket expenses. Invoices are due and payable upon
presentation. All accounts not paid within thirty (30) days are subject to interest charges to the extent permitted by state
We will return your original records to you at the end of this engagement. Store these records, along with all supporting
documents, canceled checks, etc., in a secure location in case these items are needed later to prove accuracy and
completeness of a return. We retain copies of your records and our work papers for your engagement for seven years,
after which these documents will be destroyed.
Our engagement to prepare your 2018 tax returns will conclude with the delivery of the completed returns to you (if
paper-filing) or your signature and our subsequent submittal of your tax return (if e-filing). If you do not e-file your
returns with our office, you will be solely responsible to file the returns with the appropriate taxing authorities. Review
all tax-return documents carefully before signing them.
To affirm that this letter correctly summarizes your understanding of the arrangements for this work, sign in the space
If you have any questions, contact our office at WRA Y@NEEDACPA.COM.