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Engagement letter for IRS audit rep

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#1
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540
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845-NY
Does anyone use an engagement letter for IRS audits?
Any wording you would like to share?
 

#2
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The Office
Your profile says you're a CPA. Are you a member of the tax section?

There is an audit rep engagement letter template in the resources section for tax section members.
 

#3
sjrcpa  
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Maryland
Also check with your professional liability carrier.
My engagement letters usually combine elements of both.
 

#4
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540
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Location:
845-NY
I am not yet a member of the tax section, but it's on my list of things to get.

I know my AON insurance offers letters, I just figured I would check here first to see if anyone had a simple sample.

Thanks for the responses.
 

#5
novacpa  
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Location:
Arlington, Virginia
Make it simple, send an email stating, "I agree to pay $300 per/hour for your services, 10-hours in advance ($3,000)
non-refundable retainer to be replenished as needed."
To retain me send a reply email agreeing to the above terms and send the deposit to my Bank.
 

#6
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novacpa wrote:Make it simple, send an email stating, "I agree to pay $300 per/hour for your services, 10-hours in advance ($3,000)
non-refundable retainer to be replenished as needed."
To retain me send a reply email agreeing to the above terms and send the deposit to my Bank.


I respectfully disagree. It's dangerous to issue an "open" engagement letter for all services. i.e. One without a narrowly and precisely stated scope.
 

#7
novacpa  
Posts:
1054
Joined:
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Location:
Arlington, Virginia
ManVsTax wrote:
novacpa wrote:Make it simple, send an email stating, "I agree to pay $300 per/hour for your services, 10-hours in advance ($3,000)
non-refundable retainer to be replenished as needed."
To retain me send a reply email agreeing to the above terms and send the deposit to my Bank.


I respectfully disagree. It's dangerous to issue an "open" engagement letter for all services. i.e. One without a narrowly and precisely stated scope.


I respectfully disagree with your point of view. Open is fine - Open is simple - too narrow ruins any change
of getting the engagement, and is a time waster.
 


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