Section 52IAC1-2-4. Contingent fees

   (a) In the event a tax representative charges a contingent fee for any matter relating to practice before the board, the tax representative may not testify at a hearing without first disclosing the existence of the contingent fee arrangement.

  (b) As used in this section, "contingent fee" includes a fee, whether accruing to the tax representative or to the entity with which the tax representative is affiliated, that is based on a percentage of the:

(1) refund obtained;

(2) taxes saved; or

(3) reduction in assessed value.

  (c) Failure to disclose the tax representative's method of compensation may result in the presumption that a contingent fee arrangement exists between the taxpayer and the tax representative. (Indiana Board of Tax Review; 52 IAC 1-2-4; filed Feb 13, 2003, 9:41 a.m.: 26 IR 2318; filed Aug 1, 2012, 11:08 a.m.: 20120829-IR-052110669FRA)