Hello I am a licensed attorney. I am here to help answer your questions. Please do not hesitate to ask for clarification
What you should do is first have a letter signed by your client, indemnifying you from any litigation as a result of the tax returns prepared,
An E&O policy is fine as well, if you are a licensed accountant, malpractice insurance is possible,
however, in most of these cases, if you rely upon the information from your client, and have not intentionally violated or misrepresented any information,
it would be difficult for them to hold you liable,
The link above has a sample indemnification and hold harmless agreement,
which would protect you as well,
If you have any further questions please do not hesitate to ask.
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