There Is a General Common Law Privilege of Confidentiality for Non-Criminal

question 41

True/False

There is a general common law privilege of confidentiality for non-criminal tax matters that exists between a Taxpayer and his or her Tax Practitioner.

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Definitions:

Fiscal Year

A 12-month period used for accounting purposes and preparing financial statements, not necessarily coinciding with the calendar year.

Sales

The activity or business of selling products or services.

Partnership

A sanctioned business arrangement in which two or more persons co-manage and equally divide profits.

Total Contributions

The total sum of money given or invested in a particular context or over a period of time.