Tax Services Agreement Quiz

What percentage of the fees collected from each client does the Preparer receive?

• 60%

• 40%

• 50%

• 70%

Who is responsible for establishing the fee charged to each customer?

• Client

• Tax Checks ATL LLC

• Preparer

• IRS

What happens if the Preparer fails to collect payment from a client?

• The Preparer will receive a warning

• The Company may reduce, withhold, or offset amounts due to the Preparer

• The Preparer will be terminated immediately

• The Company will pay the Preparer regardless

What is the term duration of the agreement?

• One tax season

• Indefinite

• Two consecutive tax seasons

• Three tax seasons

What is the penalty for early termination without cause?

• No penalty

• Immediate termination

• It constitutes a breach of the Agreement

• A fine of $5,000

What is the consequence of violating the non-competition clause?

• A warning

• Liquidated damages of not less than $20,000

• No consequence

• A fine of $10,000

What type of contractor is the Preparer considered?

• Part-time employee

• Temporary worker

• Independent contractor

• Employee

What must the Preparer obtain and maintain at all times during the term?

• A CPA license

• A PTIN

• A tax ID

• A business license

What is the required score to complete Company-required training?

• 70%

• 80%

• 60%

• 90%

What is the training fee for the Preparer?

• $1,000

• $1,500

• $2,000

• $500