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Essay

accountant-client privilege

Essay specific features

 

Issue:

Business

 

Written by:

Sylvia W

 

Date added:

June 11, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

18 / 4947

 

Was viewed:

1354 times

 

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Essay content:

As with other privileged communications there are exceptions as to what is privileged and what is not. For whatever reason, many taxpayers have viewed this limited privilege as equivalent to the attorney-client privilege. Sadly, even some tax pros don't quite understand the protection afforded the client under Code Section 7525, and the few recent rulings are giving the tax preparers less sense of security...
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Communications between professionals and their clients other than those between an attorney and his or her client are not privileged under federal law. In cases involving federal law, state-provided rights to confidentiality of accountant-client communications are not recognized. To get around this issue, in the past, in order for a CPA to seek communication privilege with their client an attorney would have to be hired in order to invoke the attorney-client privilege which would also extend to the accountant...
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