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

• Category: Attorneys
• State: Multi-State
• County: Cook
• 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. Cook Illinois Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit is a legal agreement that defines the roles and responsibilities of both an attorney and an accountant in assisting an individual or an organization during an Internal Revenue Service (IRS) audit. This agreement ensures the coordination of efforts between the attorney and accountant to provide comprehensive support and representation to the client throughout the audit process. The key elements of a Cook Illinois Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit include: 1. Engagement Scope: This section outlines the specific services to be provided by both the attorney and accountant, including but not limited to reviewing the relevant tax returns, gathering necessary documentation, analyzing financial records, and representing the client during IRS meetings and discussions. 2. Confidentiality: In order to protect the client's sensitive financial information, this section ensures that both the attorney and accountant maintain strict confidentiality and do not disclose any confidential information to third parties without the client's consent, unless required by law. 3. Roles and Responsibilities: This part clarifies the respective roles and responsibilities of the attorney and accountant. The attorney typically focuses on legal matters, such as advising on legal strategies, drafting legal documents, and representing the client in legal proceedings. The accountant, on the other hand, contributes their expertise in reviewing and analyzing financial data, preparing necessary tax calculations and reports, and assisting with responding to IRS inquiries. 4. Communication and Coordination: Effective communication and coordination between the attorney and accountant are crucial during an IRS audit. This section establishes the frequency and methods of communication between the parties, ensuring timely exchange of information and updates regarding the audit process. 5. Billing and Payment: The agreement specifies the fee structure for both the attorney and accountant's services, outlining the hourly rates or fixed fees, payment terms, and any additional expenses that may be incurred during the audit process. Different types of Cook Illinois Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit may include variations based on the specific needs and requirements of the client or the nature of the audit. For example, there might be a separate agreement for an individual taxpayer facing an IRS audit versus a corporate entity. Additionally, the complexity of the audit or potential legal issues involved may also lead to specific types of agreements tailored to address those complexities.

Cook Illinois Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit is a legal agreement that defines the roles and responsibilities of both an attorney and an accountant in assisting an individual or an organization during an Internal Revenue Service (IRS) audit. This agreement ensures the coordination of efforts between the attorney and accountant to provide comprehensive support and representation to the client throughout the audit process. The key elements of a Cook Illinois Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit include: 1. Engagement Scope: This section outlines the specific services to be provided by both the attorney and accountant, including but not limited to reviewing the relevant tax returns, gathering necessary documentation, analyzing financial records, and representing the client during IRS meetings and discussions. 2. Confidentiality: In order to protect the client's sensitive financial information, this section ensures that both the attorney and accountant maintain strict confidentiality and do not disclose any confidential information to third parties without the client's consent, unless required by law. 3. Roles and Responsibilities: This part clarifies the respective roles and responsibilities of the attorney and accountant. The attorney typically focuses on legal matters, such as advising on legal strategies, drafting legal documents, and representing the client in legal proceedings. The accountant, on the other hand, contributes their expertise in reviewing and analyzing financial data, preparing necessary tax calculations and reports, and assisting with responding to IRS inquiries. 4. Communication and Coordination: Effective communication and coordination between the attorney and accountant are crucial during an IRS audit. This section establishes the frequency and methods of communication between the parties, ensuring timely exchange of information and updates regarding the audit process. 5. Billing and Payment: The agreement specifies the fee structure for both the attorney and accountant's services, outlining the hourly rates or fixed fees, payment terms, and any additional expenses that may be incurred during the audit process. Different types of Cook Illinois Agreement for Services between an Attorney and Accountant with Respect to an Internal Revenue Service Audit may include variations based on the specific needs and requirements of the client or the nature of the audit. For example, there might be a separate agreement for an individual taxpayer facing an IRS audit versus a corporate entity. Additionally, the complexity of the audit or potential legal issues involved may also lead to specific types of agreements tailored to address those complexities.