This letter and the attached Terms, Conditions & Limitations for Tax Services confirm and specify our understanding concerning the tax
preparation services that The Lichter Group, LLC (“we” or “us”) will perform for you individually (“you”) for the year ending December 31,
2017. By sending us information for the preparation of your returns, you and all parties referenced herein will be agreeing to these terms
for our engagement.
We will prepare your 2017 Federal income tax returns and the appropriate state income tax returns according to the information you
provide to us. You are responsible for providing us all information necessary to identify all states and foreign countries in which you
derive income. Our engagement will be complete upon delivery of the completed returns to you, except as noted in the following
paragraph concerning electronic filing. You are responsible for providing us all information necessary to identify all states in which you
Professional standards now require us to electronically file all federal and applicable state individual income tax returns. Please note that
although e-filing will require both you and our firm to complete additional steps, the same filing deadlines will apply. After you have
reviewed the returns, you must provide us with signed authorizations indicating that you have reviewed the return(s) and that, to the
best of your knowledge, they are correct. We cannot transmit the return(s) to the tax authorities until we have your signed
We will not audit or otherwise verify the data you submit, although we may ask you to clarify some of the information. Our work in
connection with the preparation of your income tax returns does not include any procedures designed to discover defalcations or other
irregularities, should any exist.
We are not investment counselors or brokers. Our advice concerning a particular investment shall be limited to advising you with regard
to the tax ramifications of the investment. It shall not include advising you regarding the economic viability or consequences of the
investment or whether or not you should make the investment. Our advice regarding the tax ramifications of the investment shall be
based on documents and information that you provide us regarding the investment.
We are responsible for preparing only the returns listed above. Our fee does not include responding to inquiries or examination by taxing
authorities. However, we are available to represent you and our fees for such services will be billed at our standard rates and would be
covered under a separate engagement letter. In connection with your federal and state tax returns, or in response to your request(s), we
may also provide you with tax advice that is beyond the scope of tax preparation and is not included in the fees for tax return
preparation. Our fees for this advice will be based on the time required for work performed, plus out-of-pocket expenses.
Please note that any person or entity subject to the jurisdiction of the United States (includes individuals, corporations, partnerships,
trusts, and estates) having a financial interest in, or signature or other authority over, bank accounts, securities, or other financial
accounts having a value exceeding $10,000 in a foreign country, shall report such a relationship. Although there are some limited
exceptions, filing requirements also apply to taxpayers that have direct or indirect control over a foreign or domestic entity with foreign
financial accounts, even if the taxpayer does not have foreign account(s). For example, a corporate-owned foreign account would require
filings by the corporation and by the individual corporate officers with signature authority. Failure to disclose the required information to
the U.S. Department of the Treasury may result in substantial civil and/or criminal penalties.