Privacy Law Workpapers Question

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  • geekgirldany
    Senior Member
    • Jul 2005
    • 2359

    #1

    Privacy Law Workpapers Question

    I've got a signed release in regards to discussing the prior year tax return but nothing about handing over files (example QB files) or any of my workpapers like basis worksheets to a client's new accountant.

    How do I handle this? Do I need to get another release form signed?

    It is not that mind but at the same time I need to cover my "assets" so to speak and not be pulled into a potentially bad situation. I think this is the first time I've had another accountant asking for information from me after a switch.

    I would greatly appreciate others opinions as I have never been through this before.
    Last edited by geekgirldany; 06-08-2015, 06:09 PM.
  • TaxGuyBill
    Senior Member
    • Oct 2013
    • 2319

    #2
    Why don't you just give them directly to the taxpayer?

    Comment

    • geekgirldany
      Senior Member
      • Jul 2005
      • 2359

      #3
      Well yeah.... there are no bad feelings between us. I don't think.

      Duh! Thanks Bill.

      Comment

      • TAXNJ
        Senior Member
        • Jan 2007
        • 2106

        #4
        QB files

        Originally posted by geekgirldany
        I've got a signed release in regards to discussing the prior year tax return but nothing about handing over files (example QB files) or any of my workpapers like basis worksheets to a client's new accountant.

        How do I handle this? Do I need to get another release form signed?

        It is not that mind but at the same time I need to cover my "assets" so to speak and not be pulled into a potentially bad situation. I think this is the first time I've had another accountant asking for information from me after a switch.

        I would greatly appreciate others opinions as I have never been through this before.
        Did you originally provide hard copies of the former client's files, e.g., Financial Statemets including Trial balance, General Ledger for each year to support the tax returns to the client? If yes, what more do they need and are they compensating you for the extra work?

        The actual QB file is a different story.
        Always cite your source for support to defend your opinion

        Comment

        • geekgirldany
          Senior Member
          • Jul 2005
          • 2359

          #5
          The client does her own bookkeeping on QB. The only reason I would get the file was to prepare the tax return.
          Seems the new accountant's copy of the file is bad and she wants the last one I have. To my understanding the client's file is also possibly bad.

          I am not sure it is wise to hand the file directly over to the current accountant because I don't have permission. I can give it to the client though.

          Comment

          • TAXNJ
            Senior Member
            • Jan 2007
            • 2106

            #6
            Yes

            Originally posted by geekgirldany
            The client does her own bookkeeping on QB. The only reason I would get the file was to prepare the tax return.
            Seems the new accountant's copy of the file is bad and she wants the last one I have. To my understanding the client's file is also possibly bad.

            I am not sure it is wise to hand the file directly over to the current accountant because I don't have permission. I can give it to the client though.
            Yes, sounds like Client's property (QB files). So client gets it. Then client does what they want to do with it.

            Also, think your "work papers ", your property and stays with you
            Last edited by TAXNJ; 06-09-2015, 06:50 AM.
            Always cite your source for support to defend your opinion

            Comment

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