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Your brother-in-law owns a car wash and is unhappy with his CPAs client service. Naturally, you are asked to help and, to keep peace in
Your brother-in-law owns a car wash and is unhappy with his CPAs client service. Naturally, you are asked to help and, to keep peace in the family, agree to prepare his corporate and personal tax returns. As he brings you the information, you are shocked to see that the business nets about $50,000 per year, yet you know he has three new cars, a huge house and consistently buys your sister expensive jewelry. a. How would you handle this situation? b. Do you have any legal or professional responsibilities to investigate?
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