Does anybody know if this CPA suggestion violates any compliance rules?Blog added by Ken Davis, Retired CPA, CLU, ChFC on April 2, 2013
Ken Davis

Ken Davis, Retired CPA, CLU, ChFC

Scottsdale, AZ

Joined: November 23, 2009

Can we visit with a client and their CPA on the tax consequences of a proposed life insurance purchase and pay the bill to the CPA for their time ourselves, instead of the client doing so?

I would look at it like we are hiring the CPA to calculate the tax consequences of a proposed sale of a product so that we may demonstrate the appropriateness of the transaction to our client. I don’t believe this is a commission refund. Consider that we commit to pay the cost whether or not the transaction is completed.

What say all of you sages out there?
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