2020 Individual Tax Engagement Letter (Rev 01/2021) Page 3 of 4
We will only electronically submit documents after receiving signed authorization from clients
and payment in full for our services. We reserve the right to not e-file or provide a final copy of
the tax return until all fees are paid. It is understood and agreed that if you do not pay these
fees in a timely manner that we reserve the right to withdraw from the requested services
without notice.
6 Method of Payments. Our fees can be paid through cash, check, credit card, direct debit
(ACH). We do charge a 2% transaction fee for credit card payments. There will be a $25.00
additional charge on all bounced payments of our service fees (paper and/or electronic).
7 Tax Payments. The use of electronic payment options for both tax payment(s) and our
services is offered as a courtesy for your convenience. System availability has no bearing on
your due date. Plan ahead to ensure timely payment. S. Sharma Tax, Inc. will NOT be liable
for any claims, damages, losses or expenses arising out of the inaccuracy in preparation or
delivery of data input for the Electronic Funds Transfers and credit or debit entries prepared by
You, a third party, or other person or company authorized by You to do so. Furthermore, S.
Sharma Tax, Inc. will NOT be liable if (1) through no fault of ours You do not have enough
money available for use in your account to make the transfer, (2) the funds are frozen because
of a court order or any other encumbrance that restricts the transfer, (3) We do not receive the
necessary transfer data from You or a third party, (4) there are unusual or extraordinary
circumstances which would indicate improper or unlawful use of your account. You understand
that S. Sharma Tax, Inc. cannot verify the electronic deposit or withdrawal has been
processed. If S. Sharma Tax, Inc. receives notice that my Electronic Funds Transfers
transaction was not processed as requested, S. Sharma Tax, Inc. may, as a courtesy, attempt
to contact me by email and/or by telephone. I understand that a transfer reject may occur, and
I understand that it is my own responsibility to verify the success of my Electronic Funds
Transfers transaction request with my financial institution. S. Sharma Tax, Inc. will not be
responsible for any transactions effected in my account.
The law provides various penalties and interest that may be imposed when taxpayers
underestimate their tax liability. You acknowledge that any such understated tax, and any
imposed interest and penalties, are your
responsibility, and that we have no responsibility in that regard. If you would like information
on the amount or circumstances of these penalties, please contact us.
8 Legal Fees Incurred. In the event we are required to respond to a subpoena, court order or
other legal process for the production of documents and/or testimony relative to information we
obtained and/or prepared during the course of this engagement, you agree to compensate us
for the time we expend in connection with such response, and to reimburse us for all of our
out-of-pocket costs incurred in that regard.
9 Indemnification. In the event that we are or may be obligated to pay any cost, settlement,
judgment, fine, penalty, or similar award or sanction as a result of a claim, investigation, or
other proceeding instituted by any third party, and if such obligation is or may be a direct or
indirect result of any inaccurate or incomplete information that you provide to us during the
course of this engagement, you agree to indemnify us, defend us, and hold us harmless as
against such obligation.
10 Limitation of Liability. In no event will either party be liable to the other or to any third-party
for any loss of use, revenue, profit, or loss of data, for any consequential, incidental, indirect,
exemplary, special, on punitive damages whether arising out of breach of contract, tort
(including negligence) or otherwise, regardless of whether such damage was foreseeable and
