Tax Preparation – Optimum Advantage:

2011 Tax Engagement Agreement – Optimum Advantage Plan

Welcome to the Clergy Advantage® family! We are honored to be your trusted advisor and look forward to providing you great value and peace of mind.

To begin your subscription for the Optimum Advantage Tax Preparation Plan Subscription, please read this agreement carefully below. Once you understand the terms and conditions of this agreement, click “Buy Now” to order with Google Checkout.

The agreement begins as of the signed date of the hard copy engagement agreement (Download Below) or when you click the “Buy Now” button below and expires one year from that date.

1. Optimum Advantage Plan Services include:

  • Review of Client’s 2010 tax returns.
  • An Amendment of 2010 returns if determined to be needed.
  • Review of Client’s 2010 Housing Allowance setup.
  • Preparation of the Client’s 2011 Federal and State tax return(s) (if required).
  • Electronic filing and extension preparation and filing, if required.
  • A personalized consultation with your Tax Advisor after tax season to discuss the 2011 returns filed and tax planning issues and opportunities for the current year.
  • Consultation with our in-house Financial Advisor to complete and optimize your personal financial/tax plan utilizing specialized strategies for clergy, including retirement options, advanced housing allowance techniques and other appropriate strategies.
  • Availability of your Tax Advisor’s time to respond to your phone calls and emails during the year up to a maximum of four hours.
  • Review and response to Letters and Notices from Tax Authorities.
  • Audit Representation for pre-audit work, documentation and audit representation before the Internal Revenue Service for returns prepared by Clergy Advantage®, Inc.
  • Access to all financial and tax planning webinars offered by Clergy Advantage®.
  • Access to Clergy’s proprietary educational resources, tax supporting documents and forms.
  • Clergy Advantage® Newsletter and News Flashes.

2. Fee – Clergy Advantage®’s fee for client’s one-year subscription to the Optimum Advantage Plan is $75 per month for Client’s with a typical tax return filing.

Clergy Advantage® defines a non-typical tax return as those returns having Non-Minister Schedule C businesses, Partnerships, S Corporations, numerous Stock Transactions, Rental Properties, Multiple State returns required and any other non-typical reporting requirements.

By signing this agreement you agree to partner with us and…

  • Provide all required information (the CLERGY ADVANTAGE® Tax Organizer, either paper or electronic version, with supporting documentation) necessary to complete Client’s tax return(s). This includes all items of income subject to income tax.
  • You understand and accept CLERGY ADVANTAGE®’s policy that tax preparation work will not begin until we receive all required information as stated above.
  • Retain all the documents, receipts, canceled checks and other records required to substantiate the items of income and expense reported on Client’s return(s) for 5 years. This is especially important in case Client’s return is selected for examination by Federal and/or State taxing authorities.
  • If you receive any letters or notices from the IRS or state taxing authorities, you will immediately send a copy to CLERGY ADVANTAGE®.

Also

  • If a question arises regarding the interpretation of tax law, and a conflict exists between the tax authorities’ interpretation of the law and other supportable positions, CLERGY ADVANTAGE® will use professional judgment in resolving the issues.
  • CLERGY ADVANTAGE® will not audit or otherwise verify any information. However, CLERGY ADVANTAGE® may require clarification or additional information.
  • CLERGY ADVANTAGE® is not responsible for disallowed deductions or the inclusion of additional unreported income or any resulting taxes, interest and/or penalties assessed.
  • In the event of preparer error, CLERGY ADVANTAGE® is responsible for any penalty assessed due to such error. Client will be responsible for additional tax and interest that may be assessed.
  • CLERGY ADVANTAGE® will not file any Federal, State or local Tax Extensions without Client’s specific request to do so. Extensions will be filed at no charge as long as a signed 2011 Optimum Advantage Engagement Agreement is in effect with CLERGY ADVANTAGE®.
  • Should you decide to cancel this agreement a cancellation fee will apply based upon the time services invested in your plan.

Clicking “Start My Subscription” below constitutes full acceptance of all terms and conditions specified above. If you would rather pay by fax/mail or to pay with a bank account, click here for a printable form. Complete the form and mail with your last years tax return or fax to 970.663.4950. We look forward to speaking with you soon. Questions? Feel free to Contact Us.

Subscribe Online Now
Mail/Fax Form

Not utilizing all of your tax benefits could be costing you thousands of dollars in unnecessary taxes every year. Don’t be a tax casualty and  keep your housing allowance benefits for life.    Transform the way you use your tax benefits. Attend our free, “Tax Free Money for Ministers” and “Don’t Let Ministry Expenses Eat Your Lunch.”

By breaking the puzzle into three main categories and fitting them into a practical and complete plan, you’re likely to see huge savings right away.   Learn how to maximize the critical, “Tax Biggies” and 90% of your tax puzzle is solved:

  1. Housing Allowance
  2. Maintaining Housing Allowance Benefits FOR LIFE & using the right retirement plan
  3. Understanding Ministry Expenses and the Accountable Plan

Using your housing allowance effectively requires much more than  knowing what you can & can’t deduct. Understand three basic principles before setting your housing allowance for the year.  Learn effective strategies for special circumstances like, buying or selling a house to create even more tax deductions.

Keep your housing allowance benefits when you retire. Even if you never plan to retire, you can have the tax free stream of income for life. The wrong kind of retirement plan can cost you your housing allowance benefits and tens of thousands of dollars over the years.  There are unique tax strategies available to pastors, and there are unique financial strategies available as well.

Ministerial Expenses are a huge area of tax losses for ministers without an Accountable plan. If your Accountable Plan isn’t set up and implemented properly, you ARE LOSING significant deductions every year. Discover a host of frequently overlooked deductions AND reduce your audit risk enormously.  If you’re a typical pastor, you could be adding hundreds or even thousands to your income every year.  You’ll have everything you need to present to your board,  implement and budget an Accountable Plan.