Wisconsin Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit

• Category: Attorneys
• State: Multi-State
• Control #: US-1340857BG
• Format: Word; Rich Text

Description

As the title to this form indicates, this form is an agreement for services between an attorney and accountant with respect to an Internal Revenue Service Audit. The Wisconsin Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit is a legally binding document that outlines the terms and conditions under which an attorney and an accountant will collaborate to represent a client during an IRS audit. This agreement ensures a smooth and efficient audit process while safeguarding the client's best interests and legal rights. The document typically starts with a title, "Wisconsin Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit," followed by the date and the names of the participating parties, such as the client, attorney, and accountant. Key terms and clauses included in the agreement may consist of: 1. Purpose: Describes the objective of the agreement, which is to provide comprehensive and collaborative representation to the client during an IRS audit. 2. Scope of Services: Outlines the specific tasks and responsibilities that the attorney and accountant will undertake. It may include client interviews, data gathering, tax analysis, drafting responses, negotiating with the IRS, and representing the client during any administrative or legal proceedings. 3. Retainer and Payment Terms: Specifies the fee structure and payment schedule for the attorney and accountant's services. This section may also indicate the billing rates, any applicable expenses, and methods of payment. 4. Confidentiality: Details the obligations of all parties to maintain the confidentiality of the client's tax information and any privileged communications during and after the audit process. 5. Communication and Cooperation: Emphasizes the importance of open and regular communication between the attorney, accountant, and client for a successful audit representation. It may specify the preferred mode of communication and the availability expectations. 6. Indemnification and Liability: Establishes the legal responsibilities and limitations for each party involved, protecting them from liabilities arising from their respective acts or omissions during the audit representation. 7. Termination: Defines the circumstances under which either the client, attorney, or accountant can terminate the agreement. It may include provisions for notice periods and possible reimbursement of any unearned fees. Common variations or types of this agreement may include: 1. Limited Scope Agreement: Focused on specific tasks or aspects of the IRS audit, where the attorney and accountant collaborate on a specific issue, such as responding to an IRS information request or negotiating a settlement. 2. Full-Service Agreement: Covers comprehensive legal and accounting services throughout the entire audit process, from initial communication with the IRS to final resolution. This type is usually more extensive and involves a longer-term commitment from both parties. 3. Cost-Sharing Agreement: Outlines the sharing of costs between the client, attorney, and accountant. This type of agreement specifies how the expenses associated with the audit will be allocated between the parties involved. It is essential to consult legal and accounting professionals to ensure the specific agreement is tailored to the unique circumstances of the client and complies with Wisconsin state laws and regulations.

The Wisconsin Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit is a legally binding document that outlines the terms and conditions under which an attorney and an accountant will collaborate to represent a client during an IRS audit. This agreement ensures a smooth and efficient audit process while safeguarding the client's best interests and legal rights. The document typically starts with a title, "Wisconsin Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit," followed by the date and the names of the participating parties, such as the client, attorney, and accountant. Key terms and clauses included in the agreement may consist of: 1. Purpose: Describes the objective of the agreement, which is to provide comprehensive and collaborative representation to the client during an IRS audit. 2. Scope of Services: Outlines the specific tasks and responsibilities that the attorney and accountant will undertake. It may include client interviews, data gathering, tax analysis, drafting responses, negotiating with the IRS, and representing the client during any administrative or legal proceedings. 3. Retainer and Payment Terms: Specifies the fee structure and payment schedule for the attorney and accountant's services. This section may also indicate the billing rates, any applicable expenses, and methods of payment. 4. Confidentiality: Details the obligations of all parties to maintain the confidentiality of the client's tax information and any privileged communications during and after the audit process. 5. Communication and Cooperation: Emphasizes the importance of open and regular communication between the attorney, accountant, and client for a successful audit representation. It may specify the preferred mode of communication and the availability expectations. 6. Indemnification and Liability: Establishes the legal responsibilities and limitations for each party involved, protecting them from liabilities arising from their respective acts or omissions during the audit representation. 7. Termination: Defines the circumstances under which either the client, attorney, or accountant can terminate the agreement. It may include provisions for notice periods and possible reimbursement of any unearned fees. Common variations or types of this agreement may include: 1. Limited Scope Agreement: Focused on specific tasks or aspects of the IRS audit, where the attorney and accountant collaborate on a specific issue, such as responding to an IRS information request or negotiating a settlement. 2. Full-Service Agreement: Covers comprehensive legal and accounting services throughout the entire audit process, from initial communication with the IRS to final resolution. This type is usually more extensive and involves a longer-term commitment from both parties. 3. Cost-Sharing Agreement: Outlines the sharing of costs between the client, attorney, and accountant. This type of agreement specifies how the expenses associated with the audit will be allocated between the parties involved. It is essential to consult legal and accounting professionals to ensure the specific agreement is tailored to the unique circumstances of the client and complies with Wisconsin state laws and regulations.