Current through Register Vol. XXXIX, No. 11, March 18, 2022
15.1. All contingency fee contracts shall be
in writing and signed by both the licensee or substantial equivalency
practitioner and the clients.
Before entering into a contingency fee contract, the licensee or substantial
equivalency practitioner shall disclose to the prospective client, in writing,
the percentage to be retained by the licensee or substantial equivalency
practitioner in the event a favorable result is attained.
15.3. A licensee or substantial equivalency
practitioner may utilize a contingency fee contract when representing a client
before a taxing authority: Provided, That nothing in this Rule shall be
construed either to limit or expand the scope of professional services. This
Rule shall not be construed to promote the unauthorized practice of
15.4. Disclosure of Permitted
Commission. A licensee or substantial equivalency practitioner who is not
prohibited by this Rule from performing services for or receiving a commission
and who is paid or expects to be paid a commission shall disclose that fact in
writing to any person or entity to whom the licensee recommends or refers a
product or service to which the commission relates.
15.5. Referral Fees. Any licensee or
substantial equivalency practitioner who accepts a referral fee for
recommending or referring any service of a licensee to any person or entity or
who pays a referral fee to obtain a client shall disclose the acceptance or
payment to the client in writing.