1040TaxBiz In-Season Fee Advance Agreement 

 

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In-Season Fee Advance Agreement

LOAN AMOUNT: $2,000.00

 

This In-Season Fee ADVANCE AGREEMENT (this "Agreement") is entered into as of (the "Effective Date") by and between Lee’s Tax City, LLC, d/b/a 1040 TaxBiz ("1040 TAXBIZ"), and the electronic filing identification number owner and electronic return originator (hereafter referred to as the “ERO”). Each may be referred to as a “Party” or collectively as the “Parties.”

WHEREAS, ERO requests to participate in the In-Season Fee Advance program (the “Program”) offered through 1040 TAXBIZ upon the terms and conditions set forth herein.

NOW, THEREFORE, for and in consideration of the mutual promises and covenants contained herein, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

  1. In-Season Advance.
    1. Once ERO has filed tax returns with the IRS indicating that a Taxpayer will receive a refund and the IRS has acknowledged receipt of the return, accompanied by the acceptance by 1040 TaxBiz of applications by Taxpayers for Program Products submitted by ERO, 1040 TaxBiz may, in its sole discretion, begin making ACH transfers of Fees to ERO (an “In-Season Fee Advance”), and deduct the amount of such In-Season Fee Advance from the amount of Fees due ERO upon receipt of funds from the IRS.

    2. 1040 TaxBiz shall be under no obligation to approve ERO’s request to participate in the InSeason Program, and no representation is made by1040 TaxBiz that ERO's request to obtain an In-Season Fee Advance itself, or any requested dollar amount, will be approved.

    3. If ERO’s request for an In-Season Fee Advance is approved and if 1040 TaxBiz makes such an advance to ERO, ERO agrees to fully reimburse 1040 TaxBiz for any and all amounts advanced.

  2. Repayment of In-Season Fee Advance.
    1. ERO authorizes and agrees that 1040 TaxBiz will deduct, offset or withhold from Fees otherwise payable to ERO under any Agreement the amount of any In-Season Fee Advance. If the Fees otherwise due ERO are insufficient to repay the In-Season Fee Advance, ERO agrees to pay 1040 TaxBiz directly for any such remaining balance owed- immediately upon demand.
    2. If at any time 1040 TaxBiz believes, in its sole and absolute discretion, that full repayment of InSeason Fee Advance is at risk, or if ERO does not remit such payment as of February 28, 2025 directly to 1040 TaxBiz pursuant to Section 2(a) above, ERO hereby authorizes 1040 TaxBiz to initiate debit entries to the checking or savings account ERO provided to 1040 TaxBiz within ERO’s registration documentation (or such other account identified by ERO), and to debit any unpaid balance of the In-Season Fee Advance and/or Advance Fee from such account. To the extent ERO has any outstanding obligations with 1040 TaxBiz from any preceding tax season(s), ERO understands and agrees that 1040 TaxBiz’s authority to perform the authorized collection methods, as described in Section 6.7 of the ERO Agreement and/or initiate debit entries as described under this Section 2(b), permits 1040 TaxBiz’s collection of any such prior unpaid balance during a subsequent tax season.
    3.  This Section 2 shall survive termination of this Agreement.
  3. Status of the Parties. 
    1. Any third parties used by ERO in the performance of its responsibilities under this Agreement are agents or contractual partners of ERO and not agents of 1040 TaxBiz. ERO will be fully responsible for the acts, errors or omissions of any such third party with respect to its services and performance. ERO shall be responsible for all of its preparers, whether employees or independent contractors, and is responsible for all program-related activity originated by all preparers from ERO’s office, including the actions of any employees, tax preparers or other third parties. Furthermore, ERO shall be fully responsible for ensuring that such service or performance is in compliance with the terms of this Agreement and other program requirements.
  4. Termination.
    1. The term of this Agreement shall be through December 31, 2025, unless 1040 TAXBIZ otherwise terminates this Agreement pursuant to its terms.
    2. 1040 TAXBIZ may, without any liability to ERO, terminate this Agreement at any time and without notice to ERO.
    3. Amounts owed by ERO to 1040 TAXBIZ shall remain due and payable after termination of this Agreement.
    4. If 1040 TAXBIZ terminates this Agreement, ERO shall be responsible for, and shall in all cases indemnify and hold 1040 TAXBIZ harmless from any losses, expenses or costs (including attorneys’ fees) resulting from ERO’s failure to adhere to the terms of this Agreement.
  5. Miscellaneous.
    1. Each Party will bear all expenses connected with its performance of its obligations under this Agreement, and no Party will have the right to incur any expense or liability on behalf of any other party.

 

I hereby consent to and acknowledge the terms described above.  By endorsing this agreement, I comprehend that I am obliged to adhere to the terms and conditions outlined herein throughout the duration of the agreement period.

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Signature Certificate
Document name: In-Season Fee Advance Agreement
lock iconUnique Document ID: 9a58809a6e856b667290942bf8cf46688fc3e121
Timestamp Audit
December 30, 2024 4:34 pm ESTIn-Season Fee Advance Agreement Uploaded by Brian Warden - brian@1040taxbiz.com IP 204.156.181.32
December 30, 2024 4:57 pm ESTBrian Warden - Brian@1040taxbiz.com added by Brian Warden - brian@1040taxbiz.com as a CC'd Recipient Ip: 204.156.181.32
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