ZWu1
Level 3

Tax preparer asked me to sign a liability release agreement

The tax preparer is giving me $ for the federal/state taxes I overpaid in many past years, as the overpaid taxes cannot be claimed back from IRS now after research.

For me to take his money, I need to sign a liability release agreement saying this issue (overpaid taxes) is resolved forever once I take the $.  I cannot go back to him/his firm on this regardless of what happens in the future.

Question - is there something I should beware or ask him to revise to protect my future rights or avoid risks later?

 

Thanks a lot.