Legal Name:  

Business Name:  

EIN Number (Optional):  

Mobile Phone:  

Office Phone:  

Primary Email:  

Physical Address (CANNOT BE A PO BOX):  
City, State, Zip:  

Shipping Address (CANNOT BE A PO BOX):  
City, State, Zip:  

This Renewal Service Agreement is made and entered into by and between Lee’s Tax City, LLC /dba: 1040TaxBiz (hereinafter referred to as “1040TaxBiz”) and (Hereinafter referred to as “Client”) (Collectively referred to as the “Parties”).

  1. Term: Phase I, which includes tax law, software and marketing training as well as office setup assistance will begin on the date the agreement is signed and the required documents are submitted. Phase II begins January 1, 2024, and continues through December 1, 2024.
  2. Renewal: The agreement will renew automatically if the “Client” meets the minimum required number of refund transfers (5) between the dates of January 1, 2024 and TAX DAY 2024. If “Client” fails to reach minimum number of Refund Transfers, “Client” must pay $299 to renew.
  3. Service Cost:
    1. EFILES - For all non-bank product personal tax returns (electronically filed returns known as EFILEs) as well as for paper filed returns, when the Client provides an EFIN number, 1040TaxBiz will charge the Client a service fee of $40 for personal and small business returns and $99 for corporate tax returns. Charges for Lee’s (1040taxbiz) direct electronically filed or paper filed returns will be $55 for personal and small business returns and $135 for corporate tax returns.
    2. Bank Products - The Client recognizes that 1040TaxBiz will collect the “tax preparation fees” on all Bank Products and will deposit weekly into the Client’s account 60% of the Tax Preparation Fees upon receiving funds from the bank and 1040TaxBiz will retain 40%. If Lee's (1040taxbiz) must electronically file or mail the return, a service fee of $15 will be deducted from the Client's share.

 

The Client understands that direct costs will be added to the tax customer’s final fees for the third-Party products and services provided by 1040taxbiz. These direct costs include but are not limited to refund transfer charges for non-cash customers, software technology fees, audit protection services, service bureau fees, and shipping and handling for promotional items and are excluded from the shared revenue agreement between the Client and 1040TaxBiz. These fees will be collected by the bank and paid directly to the servicing Parties. The Client understands and agrees that Bank Product, Service Bureau, Technology, and Doc fees are not part of shared revenue, as these fixed fees are due and owed to third Parties and service bureau. The Client shall ensure that the fees are explained to the tax customer, as these fees are not part of the preparation charges and are paid to third Parties.

 

The renewal contract will continue following the existing terms and conditions but may be subject to any amendments as necessary.

 

 

1040TaxBiz 2023-2024 Renewal & Recap of Key Points in Agreement

 The following is a recap of key points in the agreement you have signed with 1040TaxBiz:

  1. I will provide a copy of my e-services EFIN Summary Application letter. The IRS requires a tax office to have an “EFIN” to electronically file tax returns. The IRS assigns an “EFIN” to identify firms that have completed the IRS e-file Application to become an Authorized IRS e-file Provider. Anyone in the tax office can apply for an EFIN at no cost. Once the provider completes the application and passes a suitability check, the IRS will send an acceptance letter, which includes the EFIN, to the Provider. If I do not already have an EFIN, the application process can take 45 days or more.
  2. I understand and acknowledge that I am required to apply for and use only the electronic filing identification number(s) (EFINs) made known to 1040TaxBiz.
  3. I understand and acknowledge that if I am denied by the IRS for the electronic filing identification number(s) (EFINs) this agreement will be terminated.
  4. I will provide a photocopy of my Driver’s License, clearly showing my picture ID, DL#, D.O.B. and Expiration Date. If my driver’s license is set to expire between now and December 31, 2023, I will need an updated copy before the tax season begins. This information is provided to the bank in order to obtain the use of bank products.
  5. I will provide a signed and completed ACH Transfer Form. The account information I provide on this form is for the sole purpose of crediting my share of preparation fees directly into my checking account or debiting revenue share for E-file returns when the customer pays at the time of preparations.
  6. I will provide a signed and completed Credit Card Authorization Form. The account information I provide on this form is for the sole purpose of debiting in case my bank account is NSF when 1040TaxBiz debits for E-Files completed.
  7. I understand and acknowledge that 1040TaxBiz will begin the season by making weekly debits and credits, typically on Wednesdays, directly to my account based on funded tax clients and I will have access to view the funding statements that reflect my tax clients who were funded by the IRS and the expected deposit amounts. Returned checks and/or payments are subject to a $30.00 non-sufficient fund (NSF) fee.
  8. I understand and acknowledge that if at any time during the tax season I need to change my banking, I will notify 1040TaxBiz immediately and I will provide 1040TaxBiz with a newly completed ACH Transfer Form to update my banking information. No changes to my banking will be made in the absence of the newly completed and signed ACH Transfer Form, which I can request from 1040TaxBiz. Likewise, if my office or shipping address or any other inform changes, I will complete a Change of Information Form.
  9. I will provide 1040TaxBiz with a W9 Form. The information I provide on the W9 will be used for tax purposes. If I have an EIN number, I will provide it on the W9 Form where indicated. If not, I will provide my Social Security Number on the W9 Form where indicated.
  10. I understand I will be required to pass a criminal background check.
  11. I understand and acknowledge that if I fail to operate in an ethical professional manner, 1040TaxBiz can revoke my service rights and no refund will be given.
  12. I understand and acknowledge that 1040TaxBiz will send me a 1099 form in January of 2025 to claim my income during the 2024 year when I am paid at least $600.
  13. I will not operate or use any tax software/service except those provided by 1040TaxBiz.
  14. I understand and acknowledge that 1040TaxBiz will provide guidance on product pricing and tax preparation fees which will reflect local markets. I however will set tax preparation fees for my clients. To qualify for certain marketing incentives and any other promotions or special deals inside this contract, 1040TaxBiz requires a minimum bank product tax preparation fee of $200.00.
  15. I recognize that if I cancel or default on the service agreement, 1040taxbiz will not service my clients as of the date of cancellation or default.
  16. I understand and acknowledge the Bank, Service Bureau, and Technology fees are not part of the revenue sharing as these fees are fixed costs due and owed to third parties.
  17. I understand that the revenue share for an E-file customer will be debited to my account at the time that the IRS accepts a return, and that bank product revenue share will be credited to my account at the time the bank provides 1040TaxBiz funding from the IRS. One debit or credit will be made to my account weekly based on the difference between all E-file and bank product return fees falling in the 7 day revenue share cycle during the main tax season.
  18. As the local owner and operator, I know I need to market my business. I understand that 1040TaxBiz brands and names are trademarked and I will not use them without prior approval.
  19. I understand and acknowledge that under no circumstances can these products or services be transferred or sold once they are purchased from 1040TaxBiz.
  20. I understand and acknowledge that I am solely responsible for the operation of my Tax Preparation business. Utilizing 1040TaxBiz services and marketing programs are not in any way a guarantee of expected performance.
  21. I understand that I am an independently owned and operated tax business and I have contracted with 1040TaxBiz to process tax returns, provide technical support, tax software, and marketing support to start and grow my tax business.

I hereby agree to and acknowledge the terms outlined above, and I would like to renew my agreement for the next year. By signing this renewal, I understand that I am bound by the terms and conditions stated herein for the duration of the renewed agreement period.

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Signed by Brian Warden
Signed On: April 28, 2023


Signature Certificate
Document name: 1040TaxBiz 2023-2024 Renewal
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April 27, 2023 1:58 pm GMT1040TaxBiz 2023-2024 Renewal Uploaded by Brian Warden - brian@1040taxbiz.com IP 96.72.237.110
April 28, 2023 4:45 pm GMT Document owner antonio@1040taxbiz.com has handed over this document to brian@1040taxbiz.com 2023-04-28 16:45:43 - 96.72.237.110
April 28, 2023 4:45 pm GMTAntonio Alford - antonio@1040taxbiz.com added by Brian Warden - brian@1040taxbiz.com as a CC'd Recipient Ip: 96.72.237.110
April 28, 2023 4:46 pm GMTAntonio Alford - antonio@1040taxbiz.com added by Brian Warden - brian@1040taxbiz.com as a CC'd Recipient Ip: 96.72.237.110
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