Advances in Taxation, Volume 14 by Thomas M Porcano

By Thomas M Porcano

This identify is a part of a chain facing all features of taxation, together with tax coverage and concerns on the federal, country, neighborhood, or foreign point. The sequence basically publishes empirical stories that tackle compliance, desktop utilization, schooling, criminal, making plans, or coverage concerns.

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Clients expect privacy and confidentiality in discussing tax matters with their advisors . In the case of individual clients, CPAs may learn information about clients' lifestyle, family relationships, and habits . For business clients, information may include trade secrets and competitive factors, among other information . The recommendations or tax advice given to clients may be based in part on such private information . The AICPA's position was that as a matter of public policy, a taxpayer has the right to expect that if he selects a tax advisor who can practice before the IRS, all information the advisor obtains regarding the taxpayer's tax matters will be granted the same level of privacy protection, no matter in which profession his advisor practices (AICPA, 1997) .

Earnings from self-employment would seem to offer the greatest potential for manipulation . Taxpayers could be influenced by two contrasting objectives : (1) maximize self-employment income reported in order to maximize the EITC, versus; (2) minimize self-employment income in order to minimize self-employment and income tax liabilities . The current study does not provide any substantive insights into selfemployment income . Overall, the net increases or decreases in self-employment income were fairly small in dollar amounts .

On the other hand, almost 41 % of the respondents have asserted the long-standing Work Product doctrine at least once during their career (question 4) ; the number of times exerted ranges from 1 to 15 . The responses to questions five through seven indicate that some staff training about the Confidentiality Privilege is occurring, but very little. The responses to questions eight are very revealing . Over half of the respondents prefer to be retained and work under the direction of the client's legal counsel to establish the confidentiality privilege for clients .

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