Tax Engagement Terms
Basswood Solutions, LLC agrees to prepare federal and state returns, based on the information provided by the client. Although our work will not include procedures to discover irregularities or inaccuracies in the tax data you provide, tax preparers may ask for clarification of certain information, or additional information, to provide accurate and complete returns.
It is the client’s responsibility to provide all necessary information related to income and deductions for the tax year, and to respond to inquiries from Basswood Solutions, LLC and its employees in a timely manner, so accurate returns may be completed by the appropriate due dates.
The client is responsible for maintaining adequate records, such as official tax documents, receipts, and substantiation for deductions, as well as purchase and sales information for assets.
It is the client’s responsibility to review the return before it is filed to determine that all income has been correctly reported, and that deductions have been substantiated. Filing returns by the due date is the obligation of the client. Basswood Solutions, LLC will not submit any return filings until the documents to be filed are signed by the client.
If a return is later selected for review or audit by taxing authorities, Basswood Solutions, LLC may provide assistance or representation if requested by the client. The fees associated with the standard tax preparation and filing service do not include any time that may be necessary to assist during tax authority review.
The fees for tax preparation and return filings by Basswood Solutions, LLC are determined by a standard rate associated with each form, plus any out-of-pocket expenses. Invoices for these services are due and payable prior to filing.