Question $5$ of $6.$

Pushkin, LLC is your tax client. In addition to preparing Pushkin's returns, you also prepare the individual tax returns of Alice, Ben, and Chris, Pushkin's three members. Alice informs you that Dorothy wants to buy an interest in Pushkin, and you are asked to advise Pushkin and the three current members on the tax structuring and tax implications of the buy in$.$ You do not prepare Dorothy's returns and you are not sure if she has employed a tax advisor for this transaction. Dorothy has left a message with you asking you some questions regarding the tax implications of the buy in on her personal income tax return. What should you do$?$

Answer Dorothy's questions but do not bill her for your time and advice.

Explain to Dorothy that you represent the partnership, and that she should discuss these issues with her own tax advisor.

Answer Dorothy's questions because your advice might lead her to using you as her CPA in the future.

Send Dorothy an arrangement letter and have her sign it before you answer her questions.