Serbinski Accounting Firms provide confidential services to accounting. legal, and financial professionals in – International Taxation – Research, Planning & Compliance. We research and prepare returns and planning scenarios which you can present to your client under your own firm name or ours, with full confidence and confidentiality. We are licensed to practice before the Internal Revenue Service, and as public accountants in Canada, and will be there for IRS or CRA queries, audits and other follow up with your client – including reminders of all foreign and domestic filing dates and requirements for your corporate or individual clients. We can represent your client in all IRS and CRA matters on your behalf.
Bulletin: Accountants obtain Privilege of Confidentiality for accountant-client communications in the U.S.
The United States has one of the most complex tax systems in the world, which becomes even more complex when coupled with the tax laws of Canada or another country. Why take a chance, and risk your client relationship when dealing in multiple jurisdictions? Our professional and experienced principals and staff will be pleased to offer you courteous and timely services in any international tax matter.
Contact us if you have the following individual client situations:
Or the following corporate situations:
We offer a complimentary initial consultation concerning any tax matter, and provide services on a fixed fee basis to assist your budget and billing process.
Privilege of Accountant-Client Communications
One major difference between the practice of attorneys and that of accountants has historically been the privilege of confidentiality extended in attorney-client communications, and the lack of confidentiality in accountant-client communications. Now, in the United States, accountants have finally been granted a limited privilege of confidentiality under certain circumstances.
Under the Internal Revenue Service Restructuring and Reform Act of l998 the privilege of confidentiality in non-criminal federal tax matters, formerly available only for certain communications between attorneys and clients was partially extended to CPA's and other federally authorized tax practitioners. Section 7525 has been added, which extends the common law attorney client confidentiality privilege to tax advice furnished to a taxpayer-client (or potential taxpayer-client) to any individual authorized under federal law to practice before the IRS. While similar to the attorney client privilege, the confidentiality privilege is limited to certain tax advice. Sec. 7525 does not modify or expand the attorney-client privilege of confidentiality other than to extend it to CPA's. In addition, the new privilege does not apply to written communications regarding corporate tax shelters.
Here are some of the key features of the new Law: