The purpose of this letter is to confirm the understanding that the undersigned (client) has engaged Frank’s Tax & Business Services (FTBS) to provide business services. FTBS Business Services include: Budgeting, Bookkeeping, Monthly Income Statements, Quarterly Estimated Tax Vouchers, State and Federal Tax Preparation and Business Consulting.

The purpose of this letter is to confirm the understanding that the undersigned (Client) has engaged Frank’s Tax & Business Services (FTBS) to provide Business Services. FTBS Business Services include: Budgeting, Bookkeeping, Monthly Income Statements, Quarterly Estimated Tax Vouchers, State and Federal Tax Preparation and Business Consulting.

FTBS’s standard fees for providing Business Services will be based on our normal operating procedures. Standard fees will be paid to FTBS by the Client beginning with the month of engagement. The Client will be responsible for paying FTBS’s standard fees directly. If any additional work is required on Client’s behalf, FTBS will notify and collect direct from Client additional fees as specified in FTBS’s current rate schedule no responsibility for the funds collected until those funds are remitted to FTBS. FTBS will continue to provide Business Services until Client notifies FTBS in writing that Client no longer needs FTBS’s Business Services. FTBS can cancel service at any time for non-payment of fees. Client will ensure full payment of fees prior to Client receiving final tax returns. If FTBS service is cancelled, FTBS reserves the right to retain any and all funds paid to FTBS for signup, setup, marketing expense, ongoing work relating to Client, enterprise expenses, etc.

FTBS will use its’ judgment in resolving questions where the tax law is unclear, or where there may be conflicts between the taxing authorities’ interpretation of the law and what seem to be other supportable positions. FTBS will resolve such questions in Client’s favor whenever possible.

Client represents that the information provided to FTBS is accurate and complete to the best of Client’s knowledge. FTBS will review the information and supporting documentation and may ask for additional information or clarification of certain items. For most expenses, the law specifically requires that any deductions must be substantiated by records indicating the amount, time, and place as well as the business purpose of the expense.

Client agrees to allow FTBS to gather settlement, tax and any other relevant information from the company for whom the Client drives. In addition, Client agrees to allow (a) FTBS to share monthly operating statements and any other financial or other relevant data regarding the Client with the company for whom the Client drives and the lender that finances Client’s equipment and (b) the lender that finances Client’s equipment to share information with FTBS regarding the equipment payment terms and any other financial or other relevant credit information regarding the equipment and/or inventory financed by such equipment lender.

FTBS may at its option for any reason automatically file for an extension on behalf of Client to extend the tax return filing deadline. If Client has not provided all documentation necessary by February 15 for the preceding tax year, for the April 15^th filing deadline. IF the information is not received by February 15 for the preceding tax year, FTBS will most likely file an extension on behalf of Client.

If FTBS files for an extension all tax information will have to be submitted by September 1 in order to complete the tax return in a timely manner by October 15 to be considerd by the IRS as timely filed.

The Client is reminded that the law imposes a penalty if a taxpayer makes a substantial understatement of tax liability. The Client is ultimately responsible for the tax returns and therefore, should review them carefully before signing and filing them.

Should Client’s returns be selected for examination by any taxing authority, FTBS will be able to provide representation for the Client before that authority and prepare any refund claims or protests that may be necessary to obtain a final determination of Client’s income tax liability. Client will be billed at FTBS’s standard rates, plus out of pocket expense for these services.

Client agrees that FTBS’s liability for damages under this agreement, regardless of the form of action, shall not exceed the total amount paid for the services described herein. This shall be Client’s exclusive remedy. This engagement letter shall be governed as to validity, interpretation, construction, effect and in all other respects by the laws and decisions of the state of North Carolina.

This Agreement constitutes the sole agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties respecting the subject matter of this Agreement. No modification of this Agreement shall be effective unless in writing and signed by FTBS.

If any of the provisions of this Agreement are prohibited by or held invalid under applicable laws or regulations of any jurisdiction in which Agreement is sought to be enforced, then that provision shall be considered inapplicable and omitted but shall not invalidate the remaining provisions

AGREED TO AND ACCEPTED: The foregoing is in accordance with Client’s understanding of FTBS’s engagement to provide Business Services. By providing information to FTBS, you accept the terms of our engagement outlined in this letter. FTBS appreciates this opportunity to serve you.

BY:_________________________________________________________________________________
(Client Signature) (Client name: Print)
DATE: _____________

MAILING ADDRESS:
________________________________________________________________

(Street Address) (

_______________________________________________, ______, _________

City ) (State) (Zip)

HOME PHONE: _(_______)_________________

CELL PHONE: _(_______)_________________

SSN:_______________________________________

(Social Security Number) ____________________________________________________

Spouse Name and Social Security Number

Method of Payment (circle one):

Credit Card Payment VISA____ M/C____ Discover____

See Attached Credit Card Authorization Form

Monthly charges will be automatically charged to your credit card

Client check made out to FTBS

(Mail checks directly to: Franks Tax & Business Service, 120 York Rd, Kings Mountain, NC 28086-3151

Truck Vin#: ________________________________________