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By registering to our web site, you are agreeing to be bound by these web site Terms and Conditions. The materials contained in this web site are protected by applicable copyright and trade mark law. My Tax Genii reserves the right, in its sole discretion, to modify or update these provisions at any time. Please check this page each time you visit this website for the most current information.
Privacy Policy
Security
My Tax Genii Process has a legal duty to protect the confidentiality of taxpayer information. We take all reasonable steps to protect any information you submit via our website, both online and offline.
We use technologies to safeguard your data, and operate strict security standards to prevent any unauthorized access to it.
Where you use passwords, ID numbers, or other special access features on this site, you also have a responsibility to take reasonable steps to safeguard them. Despite My Tax Genii best efforts, however, security cannot be absolutely guaranteed against all threats.
Completeness and Accuracy of Your Information
In preparing each of your returns, My Tax Genii will rely on the information that you are supplying to be accurate and complete to thebest of your knowledge. My Tax Genii will make no audit or other verification of the data you submit, although My Tax Genii may need to ask you for clarification of some of the information you provide.
Since the returns will reflect the information that you have given us, you have the ultimate responsibility for their accuracy; therefore, you should review each return carefully before yousign and file it.
My Tax Genii procedures in connection with the preparation of your income tax returns do notinclude any procedures designed to discover errors or other irregularities in the information you provide to us, should any exist. My Tax Genii will, however, provide such tax and accounting assistance as My Tax Genii finds necessary for preparation of these returns.
Your Federal income tax form includes a “Third Party Designee” section by which you can authorize your My Tax Genii preparer to give the IRS any information that is missing from your return, call the IRS for information about the processing of your return, and respond to certain IRS notices.
Tax Positions, Potential Penalties and Tax Shelter Disclosure Requirements
Because thetax law is not always clear, My Tax Genii will use its professional judgment in assisting you to resolvequestions affecting your returns. Your returns may be selected for review by taxing authorities,who may not agree with your positions. Any adjustments they propose are subject to certainrights of appeal. In that event, My Tax Genii would generally be pleased to represent you for anadditional fee. Because of the lack of clarity in the law, however, My Tax Genii cannot provide assurance that the positions asserted by taxing authorities will not ultimately be sustained. Youshould note that the tax law currently provides for a 20 percent penalty that applies to any“substantial understatement” of tax liability which is defined as the greater of 10 percent of thetax required to be shown on the return or $5,000.
The IRS and some states have promulgated “tax shelter” rules that require taxpayers to disclosetheir participation in “reportable transactions” by attaching a disclosure form to their federaland/or state income tax returns and, when necessary, by filing a copy with the Internal RevenueService and/or the applicable state agency. These rules impose significant requirements todisclose transactions and such disclosures may encompass many transactions entered into in thenormal course of business or in your personal investing activities. Failure to make suchdisclosures could result in substantial penalties. You are responsible for ensuring that you haveproperly disclosed all “reportable transactions.” My Tax Genii will not be liable for any penaltiesresulting from your failure to accurately or timely file any required disclosure. Please note that any disclosure required by or made pursuant to the tax shelter rules is separate and distinct from any other disclosure that you might be required or choose to make with your tax returns. My Tax Genii’s ability to identify transactions requiring disclosure is limited to the information that you provide as part of the tax return preparation process. In this connection, you should note that My Tax Genii cannot take responsibility for identification of potentially disclosable transactions that originatefrom pass-through entities (partnerships, S Corporations, LLC’s, etc.) when the relevant facts arenot disclosed by the pass-through entity’s tax reporting information that you are responsible tosupply to us. Further, our procedures will not include inquiries of the pass-through entities toascertain the existence of potentially disclosable transactions unless you specifically request suchservices from us in writing.
Professional Fees and Expenses
In the course of preparing your returns, we may identify additional issues, which may require usto discuss a change in our fee estimate with you.
We thank you for this opportunity to serve you. Should you have any questions regarding this service, please call us at 111-111-0000.