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Posts Tagged attorney client privilege

GAO Says IRS Should Focus Additional Audit Efforts On Middle / Upper Class

by Brian Mahany Here is a shocking headline… the General Accounting Office recommended the IRS devote more of its enforcement and audit efforts to those taxpayers earning more than $200,000 per year. That means the average middle or upper class earner will have an even higher chance of being audited. According to the GAO study, [...]

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Be Careful What You Say to Your CPA – The Disappearing Kovel Privilege

by Brian Mahany First, lets clear up a popular misconception. What you say to an accountant is generally not privileged. What does that mean in English? It means the IRS can subpoena your accountant and compel him or her to testify, even if its against your interest.  There are certain relationships that are still sacrosanct [...]

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IRS Pays CPA $4.5 Million For “Throwing Client Under The Bus”

by Brian Mahany Am I the only one disturbed by this headline? The IRS paid an in-house corporate accountant $4.5 million for turning in his or her own employer over an unreported tax debt. To add insult to the injury, the accountant’s identity is protected under the whistleblower rules. To be clear, we do not [...]

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The Tax Man Cometh -IRS Global High Wealth Industry Group

by Brian Mahany A recent article in the Wall Street Journal discussed the new IRS’ Global High Wealth Industry Group. Over 1 year ago we warned readers of the new group when Commissioner Shulman announced its formation in an address to the American Institute of CPA’s during October of 2009. In his remarks, Shulman noted [...]

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