Question
You have just been in an initial meeting with a potential client. During the meeting, the potential client tells you they are under audit with
You have just been in an initial meeting with a potential client. During the meeting, the potential client tells you they are under audit with the IRS, and that some questions have been raised about their business travel expenses. The client seems nervous. You ask the potential client whether they have any specific concerns beyond the business travel expenses, to which the potential client says: I didnt answer the question about foreign bank accounts accurately because I have $4,000,000 in a foreign account that paid me $45,000 in interest that year, and I didnt want to pay tax on it. Describe what you would do if confronted with such a situation.
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