Lauren Kurtz Posted December 7, 2023 Report Share Posted December 7, 2023 I was wondering if anyone knew how to send the engagement letter to all my clients without individually opening every return? We have some changes for this coming year that I need to inform everyone of and I don't want to spend the time opening every return just to add the letter. Thanks! Quote Link to comment Share on other sites More sharing options...
Margaret CPA in OH Posted December 7, 2023 Report Share Posted December 7, 2023 I prepare my own engagement letter based on the one provided by AICPA. For additional information, I also have a cover letter where I remind people about FINCEN filing if applicable, my current year rate and other items. For many forms you can customize but I don't see that form/letter in the list. Perhaps someone else who uses it may reply. 2 Quote Link to comment Share on other sites More sharing options...
Catherine Posted December 7, 2023 Report Share Posted December 7, 2023 We have the FinCen requirements on our annual document checklist, but for 2023 I'm putting it in the engagement letter, too. As soon as the draft comes out and I can edit it. 1 Quote Link to comment Share on other sites More sharing options...
BrewOne Posted December 8, 2023 Report Share Posted December 8, 2023 in years past, I had two versions to send out, depending on how much room I had (I don't want to go over one page) and if there are new tax laws to consider--one for clients with businesses and others, or one for retirees and one for others. This year I composed one letter to all clients--I don't bother to use what ATX has to offer. I sent this year's out in October and it is already obsolete because of the IRS decision to delay implementation of 1099-K changes and the extension of BOI to 90 days for new businesses. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted December 9, 2023 Report Share Posted December 9, 2023 On 12/7/2023 at 4:28 PM, Catherine said: We have the FinCen requirements on our annual document checklist, but for 2023 I'm putting it in the engagement letter, too. As soon as the draft comes out and I can edit it. I took a different approach. I am not including it in my engagement letter. I sent the BOI instructions to each of my affected clients and told them in the email that I could not prepare it and I was letting them know about their requirement as a courtesy. Not being argumentative, just asking. By putting it in your engagement letter, are you in a backhanded way telling your clients this is a tax issue? I did the above because I don't feel it is a tax issue and it is not my responsibility to even notify them of their requirement to comply. In the same way I don't tell my clients it is their responsibility to file their annual SOS report or their county property tax returns. Tom Longview, TX 3 Quote Link to comment Share on other sites More sharing options...
Catherine Posted December 9, 2023 Report Share Posted December 9, 2023 18 hours ago, BulldogTom said: I did the above because I don't feel it is a tax issue and it is not my responsibility to even notify them of their requirement to comply. I have clients for whom Form 8938 is required, and that is a tax issue. I wanted it very clear in the engagement letter that the requirements are different, and that they are on their own for the FBAR. I don't want a case of someone not filing, then blaming me for not being clear enough. If it's in the eng ltr, they were told clearly *and* accepted it. 3 Quote Link to comment Share on other sites More sharing options...
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