Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 09-13-2015, 10:18 AM
Junior Member
 
Join Date: Sep 2015
Posts: 1
Conflict of Interest

I am going thru a divorce. I read in a publication somewhere that our CPA has to walk away from representing either of us since he was our CPA. If I am right can you tell me what publication that is in so I can take to my lawyer. He is siding with my husband and I don't think is right.

Thank you,

Cris



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 09-13-2015, 01:49 PM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Quote:
Originally Posted by cris3023 View Post
I am going thru a divorce. I read in a publication somewhere that our CPA has to walk away from representing either of us since he was our CPA. If I am right can you tell me what publication that is in so I can take to my lawyer. He is siding with my husband and I don't think is right.



Cris
It depends; for reference, A conflict of interest exists whenever a person misuses, or gives the appearance of misusing, a position of public trust for private benefit or personal advantage.However, rule permits the tax preparer to accept and perform the engagement, if appropriate waivers of conflicts of interest have been obtained; the tax preparer reasonably believes that the tax preparer will be able to provide competent and diligent representation to each affected client; the representation is not prohibited by law; the representation does not involve the assertion of a claim by one client against another client represented by the lawyer in the same litigation or other proceeding before a tribunal; and each affected client gives informed consent, confirmed in writing.
Please visit the IRS website for more info ; http://www.irs.gov/pub/irs-utl/Revis...0_6_-_2014.pdf

Circular 230 Conflicts of Interest



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
llc interest urrterrible For 2013 3 04-19-2014 07:53 PM
Sole proprietorship and 1099 conflict. Tank1911 Sole-Proprietorship 1 01-27-2013 08:34 PM
Under what conditions can a Partner deduct a loss from a Partnership Interest (or LLC Interest)? TaxGuru Limited Liability Company 0 01-02-2013 08:04 PM
Interest in W2 freephoneid Income 1 02-01-2009 10:41 PM
Penalties and Interest Amir Estimated Taxes 1 01-16-2007 09:29 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.