HomeMy WebLinkAbout54-82 RESOLUTION•
4
RESOLUTION NO 54•401--
A RESOLUTION AUTHORIZING THE MAYOR AND CITY CLERK
TO EXECUTE A CONTRACT WITH PROFILE TAX RECOVERY FOR
THE RECOVERY OF SOCIAL SECURITY TAX OVERPAYMENTS
BASED UPON EMPLOYEE''SICK LEAVE PAY.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
That the Mayor and City Clerk are hereby authorized
and directed to execute a contract with Profile Tax Recovery
for the recovery of Social Security tax overpayments based
upon employee sick leave pay. A copy of the contract
authorized for executed hereby is attached hereto, marked
Exhibit "A", and made a part hereof.
PASSED AND APPROVED this 4(7* day of
1982.
APPROVED:
APPROVED:
BY .4t0?,ii-let-free
4
-•1,6fileTax FteOvery'
Boulevar'd Suite'358
, Fort Worth, Texas 76116
(817) 731-6742 (Metro) 654.2940
.AdoratkgruJoR:pRologisioNkamilidtsitH
.1.
tITICAL SUBDIVISIONS
Political subdivisions must have the approval of the State Employees Retire-
ment System (Social Security Administration) before excluding sick leave pay
from the FICA tax or filing ,to recover overpayments of • the FICA tax for pre-
vious years. Approval ino be granted if tl2e entity can provide ceitain re-
quired documentation.
Profile' Tax Recovery (ITN);,..wifl be. Seaned;t6:- reprementi-your pptitical. entity.r
an' -agent idthe'lrellsZinntiOrk- tiecein4rY: seontOpprOvalT?frkni.tlie,..ppkip......;.,:
previpkti.ii:n3yetpaymenteiftV'thellICAAa:41iavi.ng obtained' -
aipp.a...tal'.Prirint;prepnre:-..the-.:•dOCitmentsA::nedessarY;LfairfAhe s kt3ito file and
receiiett'a: refund -.ZiairtAtt;' Snob -Tin: arrangel Ment-.will2Fteinir:e 'au-theiliation of the
agtenme" nt ind:::approyakof the:Board.pf ion' entity:
, .• 1 '•••••P*; : • -;1: ;1F .tc•!,I; • • •
Thin•mgreemprit 'between PROFILE TAX RECOVERY(TR)' 'dna
4:
:c.17•0F.FAYETTEYILLE,...ARKAINiSAS.:J.
(CLIENT)
Contains the following stipulations;
•
Client has authorized PTR to act as agent in obtaining approval from the
State SSA to exclude sick leave pay from the FICA tnx,and file to recover
overPayments of this tax for 'previous years within statutory limits.
1. .
, .
On receiving SSA approval, PTR•will research pertinent. records and submit
all documents necessary for 'client to receive tax credit on overpaid FICA
taxes for previous years. Finished documentation includes SSA Form 3964,
Sr7417:,, Repo -t ,-Ef:-.2-Correet1* and_Employee Cettification letters.
The fee, 29%otbof the determined overpayment refund, is due and payable upon
the -clients nOtification of approval by, the SSA to take a refund credit.
(The fee is contingent upon such approval.
PPR unconditionally guarantees the accuracy of finished work and further
provides that the client must be satisfied with the firm's performance.
Accepte
P.1;69 file Tax
d/a•
Date
Recovery
or • /41C a A/ 09 PJ
r-2. (ezea-A.-en. 01 rems-Apen...
o'L-biQ n09
Client
ATTEST •
MAYOR
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