Which of the Following Communications Between an Accountant and Client

question 41

Essay

Which of the following communications between an accountant and client are privileged?
a) During the preparation of her 2018 tax return, Tammy informs her accountant that she contributed $25,000 t qualified charitable organization.
b) After filing his tax return, a client mentions to his accountant that he forgot to report a $7,000 prize that he w playing bingo. He asks how he should correct the error.
c) A client tells his accountant that he will no longer pay alimony to his ex- wife.

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Definitions:

Central Banks

The primary financial institutions of countries, responsible for monetary policy, currency issuance, and financial stability.

Per Capita Income

The mean amount of money made by each individual in a specific region or nation, determined by dividing the region's total earnings by the number of people living there.

Industrially Advanced Countries

Refers to nations with highly developed economies, significant industrial production, and advanced technological infrastructure.

Industrially Advanced Country

A country that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations.