Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

تمرين 73

You are a CPA in practice and have a long-term client who is involved in a nasty divorce proceeding with her husband. The client has assets she deposited in a bank account in the Grand Cayman Islands. There is U.S. taxable interest on the deposits. Because she does not want her husband to know about the deposits, she asks you to report the interest on her tax return in such a way that it will not "tip off" her husband to the existence of the account. You can handle this request by reporting the interest through Schedule C (instead of Schedule B) on her tax return and thus avoid making the source of the income known. What potential nonregulatory ethics issues do you see in this situation