I have been approached by a company to assist with compiling 941x's to claim the employee retention credit. They are collecting all information, determining if clients qualify and calculating the credit. They would then like to send me the credit totals and have me prepare the 941x.
I have come to find out that they want me to put the information provided into the 941x and sign the return using my PTIN because nobody in this operation has one.
This has lead me to a few questions:
- Shouldn't someone offering this service have their own PTIN?
- Shouldn't the person overseeing all the individuals collecting information, reviewing the stages and entering into the contract with the client be responsible for signing the return? It seems in this situation my role is more to compile information.
- What is my exposure if I sign these 941x's?
- If they want me to be signing these returns, should I he comanding a significantly higher fee? Aren't I taking all risk?