Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

John Jones, CPA, has been in business preparing tax returns for 20 years. on January 2, 2013, without consent of his clients, Mr. Jones compiled

John Jones, CPA, has been in business preparing tax returns for 20 years. on January 2, 2013, without consent of his clients, Mr. Jones “compiled a list of specific taxpayer information which could be used to contact taxpayers on the list to provide tax information and general business or economic information or analysis for educational purposes.” according to IRS ruling, as issued under sec. 7216. Gob is the actions of Jones considered a violation in the disclosure of client confidentiality? If so, could his actions result in Mr. Jones being charged with a criminal misdemeanor involving a maximum penalty of $1000 or one year in prison, or both, plus cost of prosecution?

Did john Jones violate client confidentiality?

What is your opinion?

Step by Step Solution

3.46 Rating (156 Votes )

There are 3 Steps involved in it

Step: 1

Jones definitely violated client confidentiality based on the information provided in the preamble case According to SEC 7216gob preparer of tax returns are prohibited from knowingly or recklessly dis... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

6th Edition

978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895

More Books

Students also viewed these Accounting questions

Question

List three factors that determine collection float?

Answered: 1 week ago

Question

How do certain genetic conditions affect motor control?

Answered: 1 week ago

Question

How do you add two harmonic motions having different frequencies?

Answered: 1 week ago