Optimum Advantage Plan Agreement

Optimum Advantage Plan services include:

• Preparation of one Individual Federal and State tax return(s) (if required).
• Four hours of Tax Advisor’s time to respond to phone calls and emails during the year, tax planning issues and opportunities for the current year (maximum of four hours). *Note: Consultations are not scheduled during active tax season (February through April).
• Review of Client’s prior year’s Individual tax return.
• An Amendment of the reviewed year’s Individual returns if we deem it necessary.
• Review of Client’s current year’s Housing Allowance arrangement.
• Electronic filing and extension preparation and filing upon written Request, if required.
• Consultation with a partnering Financial Advisor specializing in retirement investment strategies for ministry professionals
• Four hours of Tax Advisor’s time to respond to phone calls and emails during the year, tax planning issues and opportunities for the current year (maximum of four hours). *Note: Consultations are not scheduled during active tax season (February through April).
• 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® under current subscription.
• Retirement and financial planning with our Financial Department at no charge.
• Access to all Clergy Advantage®. proprietary financial and tax planning videos/resources
• Clergy Advantage® Newsletter and Tax-Tips and Updates.

Fee

The Clergy Advantage® fee for client’s one-year subscription to the Optimum Advantage Plan is $107.00 per month for Client’s with a typical tax return filing. Clergy Advantage® reserves the right to define a non-typical tax return including; 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. For more details about particular situations consult with an advisor.

Exclusions

Internal Revenue Service or State audit representation for tax returns not prepared by Clergy Advantage® or tax returns not prepared while under current subscription plan.

Terms of the Plan Agreement:

1. I agree to provide all required information (CLERGY ADVANTAGE® Tax Organizer, either paper or electronic version, with supporting documentation) necessary to complete my tax return(s). This includes all items of income subject to income tax.
2. I understand and accept the CLERGY ADVANTAGE® policy that tax preparation work will not begin until I submit my signed Engagement Agreement and Payment Authorization form.
3. I agree to retain all the documents, receipts, canceled checks and records required to substantiate the items of income and expense reported on your return(s) for 5 years.
4. If I receive any letters or notices from the IRS or state taxing authorities, I will immediately send a copy to CLERGY ADVANTAGE®.
5. I understand that CLERGY ADVANTAGE® will use professional judgment in resolving any discrepancies regarding the interpretation of tax law, and conflicting opinions between the tax authorities' interpretation and other supportable positions,
6. CLERGY ADVANTAGE® will not audit or otherwise verify any information. However, CLERGY ADVANTAGE® may require clarification or additional information before filing.
7. CLERGY ADVANTAGE® is not responsible for disallowed deductions or the inclusion of additional unreported income or any resulting taxes, interest and/or penalties assessed.
8. In the event of preparer error, CLERGY ADVANTAGE® is responsible for any penalty assessed due to such error. I agree to be responsible for additional tax and interest that may be assessed.
9. CLERGY ADVANTAGE® will not file any Federal, State or local Tax Extensions without Client’s specific written request to do so.
10. This subscription automatically renews annually on the date of its inception. Cancellation of this agreement must be done in writing two weeks before the renewal date. A cancellation fee may apply if time or services have been rendered by CLERGY ADVANTAGE® on your behalf during the calendar year of the active subscription.
11. CLERGY ADVANTAGE® reserves the right to withdraw from this engagement. Withdrawal can occur for, but is not limited to; failure to provide information in a timely manner, refusal to comply with reasonable requests or misrepresentation of any facts, or failure to make payments in a timely manner. Withdrawal will release CLERGY ADVANTAGE® from any obligation to complete any service and will constitute completion of our agreement. Client’s dated signature below constitutes full acceptance of all terms and conditions specified in this document. This agreement can be returned to Clergy Advantage® by mail (2093 East 11th St., Suite. 200, Loveland, CO 80537), fax (970-663-4950), or using the secure links provided. Email attachments cannot be accepted.

Client’s dated signature below constitutes full acceptance of all terms and conditions specified in this document.