2024-208-E-Tax Dept-Tax Management Associates-Business Personal Property Tax Listing Audits

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5. In order to assist in the scheduling of taxpayers’ listings selected by the County for audit, the County agrees to make available to TMA copies of the personal property listings for the years for which audits are to be performed. 6. TMA agrees to audit all listings assigned for audit for the most current year and applicable prior years up to five (5) years as provided by North Carolina General Statute §105-312 which provides for Discovery Procedures and Limitations. 7. It is expressly understood by TMA that under the provisions of North Carolina General Statute §105-299, it and its employees are subject to the State Confidentiality Statutes (General Statute §105-289(I) and General Statute §105-259) and the penalties contained therein. TMA agrees to abide by the North Carolina Statutes concerning confidentiality of taxpayer records and shall hold the County harmless from any liability which may result from an action involving TMA or its employees or agents regarding confidentiality of taxpayer records. 8. TMA agrees to provide training to designated employees of the County as to all aspects of the audit services provided pursuant to this Agreement. Any appropriate designee of the County may accompany TMA on any audit, provided the County shall be responsible for the travel related expenses of such County employee. 9. TMA agrees that no employee of the company will consult with or answer questions regarding any aspect of an audit being performed, except with authorized County officials and the taxpayer being audited, unless otherwise directed to do so by the County Tax Administrator. 10. It is expressly understood and agreed to by TMA and the County that the audit services performed under this Agreement represent an examination of data and materials, as might be contained in a taxpayer’s accounting records or other documents, for the purpose of verifying the accuracy of listings, reports, or statements filed with the County in connection with a taxpayer’s listing of property. This service is not an appraisal service except that information obtained in an audit performed by TMA may be used by the County Tax Administrator to form an opinion or estimate of value as in an appraisal. TMA is solely responsible for the professional quality, accuracy and timely completion and/or submission of all work related to the audits. B. COST AND PAYMENT FOR AUDIT SERVICES: 1. The County shall pay to TMA for services furnished under this Agreement the sum of seven hundred ninety-five dollars ($795.00) per taxpayer location assigned for audit by the County. TMA agrees to bill the County on a monthly basis; however, no billing shall include charges for services rendered on an audit unless and until the audit has been completed and the taxpayer’s appeal rights exhausted or time barred by applicable statutes of limitations, unless otherwise agreed by the County Tax Administrator. DocuSign Envelope ID: D41F08E1-2DF5-4DD0-8BDA-84636905CDCF