Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The IRC 7525 privilege extends attorney-client type confidentiality to federally authorized tax practitioners for tax advice. - The privilege is strictly limited to non-criminal, federal tax matters and does not apply to state or local tax issues. - Communications related to tax return preparation are not protected, as the information is intended for disclosure. - There is a significant exception: written communications promoting corporate tax shelters are not privileged. - The privilege belongs to the client, who can waive it by disclosing the confidential communications to a third party. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep