thingshappening
Member
CPA's are legally and professionally required to report all suspected criminal activities.
In practical application: you get raided, cops find out your CPA and demand he give up your entire file, to include any knowledge. Non-compliance will result in possible prison and the loss of his/her license (in Michigan).
But it's worse; even before you are raided, he must report your activities to the police in order to be in good standing with his licensing bureau (again, MI-specific info here, but I'd imagine it's the same everywhere).
In practical application: If the state licensing agency wanted to be dicks (and that never happens), your CPA could comply to police requests for information post-raid and still lose his license for not tattling right away. Before you ask, your state legality is irrelevant in federal cases, same as everything else.
Tax attorney's practice under the literal opposite guidelines. They will lose their license if they yap due to attorney client privilege.
This may not be thread-worthy/common knowledge, if so my apologies. It was a news flash to at least one person in my social circle, so I thought I'd share.
Stay safe out there you heathenish dope peddlers.
In practical application: you get raided, cops find out your CPA and demand he give up your entire file, to include any knowledge. Non-compliance will result in possible prison and the loss of his/her license (in Michigan).
But it's worse; even before you are raided, he must report your activities to the police in order to be in good standing with his licensing bureau (again, MI-specific info here, but I'd imagine it's the same everywhere).
In practical application: If the state licensing agency wanted to be dicks (and that never happens), your CPA could comply to police requests for information post-raid and still lose his license for not tattling right away. Before you ask, your state legality is irrelevant in federal cases, same as everything else.
Tax attorney's practice under the literal opposite guidelines. They will lose their license if they yap due to attorney client privilege.
This may not be thread-worthy/common knowledge, if so my apologies. It was a news flash to at least one person in my social circle, so I thought I'd share.
Stay safe out there you heathenish dope peddlers.
