Our Guarantee, effective April 16, 2005 or ten days after your return is paid for, whichever is later, means, except as noted below, 1040 Financial, Inc. (dba 1040 tax & financial) will reimburse you for your payment of additional taxes assessed by tax authorities against your original individual federal, state and local tax returns for the taxable year covered by this Guarantee, for a period of three years from the filing deadline for such return, not including extensions. However, the amount 1040 Financial, Inc. will pay is limited to a cumulative total of $5,000 for all such returns covered hereunder. During the time after your return is prepared but before this Guarantee becomes effective, 1040 Financial, Inc. reserves the right to correct any error discovered by you, our quality control department or any other means. Liability under this guarantee during the above period will be limited to a refund of tax preparation fees, plus any penalties and interest accrued during said time.

Before 1040 Financial, Inc. will reimburse you for additional taxes, you must:

(1) Notify 1040 Financial, Inc. of any notice regarding such taxes within 30 days from the date of such notice;

(2) Promptly provide 1040 Financial, Inc. with copies of all notices and other government documents relating to such assessment;

(3) Provide 1040 Financial, Inc. with reasonable notice of and allow 1040 Financial, Inc. to attend any audit with you to explain how your return was prepared;

(4) Allow 1040 Financial, Inc. at its sole discretion and expense, to challenge the assessment of such additional taxes and penalty and interest and cooperate with 1040 Financial, Inc. with respect to such challenge, including, without limitation, providing 1040 Financial, Inc. with all applicable documents and other assistance; and

(5) Provide 1040 Financial, Inc. with proof of your payment of such additional taxes.

1040 Financial, Inc.'s payment to you for additional taxes may require you to include such payment as income on your return for the year of such payment, the amount of which will be indicated on any Form 1099 that you receive from 1040 Financial, Inc.

This Guarantee applies only to original filed individual resident returns prepared by 1040 Financial, Inc. for the taxable year covered and for which the balance due has been paid. You represent to us that items or issues on such returns have not been, or are not currently, under examination by taxing authorities as of the date of purchase indicated on your receipt. This Guarantee does not cover (a) non-resident federal returns; (b) amended returns; (c) non-individual returns, such as employment, corporate, partnership, trust, estate and gift tax returns; (d) any return for which, as of the date of such purchase you have knowledge of additional taxes owed; (e) any return for which you received on or before the date of such purchase any notification from any taxing authority of examination or audit; (f) any claims regarding the Earned Income Tax Credit (EITC); the Child Tax Credit (CTC) or the Additional Child Tax Credit; and (g) additional taxes, penalties and interest that are assessed as the result of (i) incorrect, incomplete or misleading information that ou have given 1040 Financial, Inc. in connection with its preparation  of a return; (ii) the government's inability to obtain from you sufficient records to support deductions, credits and other items on your return; (iii) your failure to timely pay the taxes shown to be due on your return; and (iv) additional taxes assessed as a result of your desire to take a position on your return that challenges current IRS or judicial tax law guidelines or interpretation.

In the event that you receive a refund of any assessment which 1040 Financial, Inc. has paid you under the Guarantee, you must reimburse them for the amount of any such refund.

Important! The above Guarantee applies only to returns prepared by 1040 Financial, Inc. Returns prepared online are not eligible for the above guarantee.