rbynaker
Level 13

@TaxGuyBill wrote:

@rbynaker wrote:

We are granted limited authority to "practice law" in that Title 26 of the U.S. Code (commonly referred to as the Internal Revenue Code) is "law".  There is also a specific carve out for FBAR filings.


 

Okay, I must be a total idiot.  🤣  I completely missed you comment when I started asking about practicing law and the FBAR.  You basically covered my thoughts and I completely missed it and repeated it.  😂

I guess I need to read better before commenting.  😀


No worries.  I'll see what I can find.  I admit, I'm just following advice from trusted sources and haven't actually researched it myself.  In the meantime, here's a risk alert issued a few weeks ago from the AICPA's affiliated insurance carrier:

https://www.cpai.com/Education-Resources/my-firm/Tax-Services/What-accounting-firms-need-to-know-abo...

The issue is that the unauthorized practice of law (UPL) is a state law issue.  So something that may be fine in MN could be illegal in FL.