From TaxAlmanac, A Free Online Resource for Tax Professionals
From TaxAlmanac
Discussion Forum Index --> Advanced Tax Questions --> Client confidentiality
Discussion Forum Index --> Tax Questions --> Client confidentiality
Eapat (talk|edits) said:
| 2 June 2009
|
| I prepared a corp tax return 3 years ago,when there were 2 shareholders. One has since bought out the other. The buyer is sueing the seller for an asset that the seller renamed in his personal acct after the sale. I have continued to do the corp tax return and both individual returns. Tomorrow is my deposition. I have looked in 230 and researched others sources, but can't find a summary of the perameters that I can speak about. Help. Thank you.
|
RoyDaleOne (talk|edits) said:
| 2 June 2009
|
| I would suggest you request a waiver of confidentiality from both parties before you are deposed.
|
Lhhesscpa (talk|edits) said:
| 3 June 2009
|
| You have 3 separate clients: the corp. & each shareholder. Each has a different interest in the conflict. I think you have a potential conflict of interest among the 3. Personally, in such a situation, I wouldn't want to testify without the assistance of counsel & would be notifying my malpractice carrier of the circumstances. -- Larry Hess, CPA | Albuquerque, NM
|
Taxea (talk|edits) said:
| 8 June 2009
|
| How long have you known the date of the deposition? I agree with both above.
|
To join in on this discussion, you must first
log in.
