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Client disclosure

Level 1

what form is commonly used to insure that a client has fully disclosed all their tax information to you for filing tax returns ?

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5 Replies 5
Level 12

Good luck on the final exam, but we don't answer questions like that here.  

Level 15

@BobKamman wrote:

Good luck on the final exam, but we don't answer questions like that here.  


I have obviously taken this too seriously. ๐Ÿ˜ฒ

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Still an AllStar
Level 15

Under normal circumstances, you shouldn't require consent from your clients for tax return preparation.  See Treas. Reg. ยง301.7216-2 and the FAQs published by the IRS for the details.

If you engage third parties or associates that are located outside the US to support your tax preparation services or use PII to provide other services, that would be a different story.  In case this is applicable to you, you can easily adapt templates published by various parties, including the AICPA.

It would also be a good idea to include terms in your EL about the definitions and limitations of your firm's and your clients' responsibilities for information collected during and outside the tax preparation process.

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Still an AllStar
Level 11
Level 11

That would be your engagement letter with client. The Tax Book has several ones you can use if you subscribe.

Level 12

@Terry53029 @itonewbie 

It's a trick question.  The answer is, it's included in the jurat just above the signature line on Form 1040 (and other forms requiring a sworn statement).