Which of the Following Communications Between an Accountant and Client

question 93

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 to a 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 won 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.

---

Definitions:

Annually

Annually means occurring once every year or pertaining to a period of one year.

Compounded

The process of earning interest on previously earned interest, leading to an increase in the total amount over time.

Monthly

Occurring or produced once a month.

Growth Rate

The rate at which a company's or country's economy grows or the rate at which a given variable, such as population or an investment, increases over a specified period.