Have Legal Questions? Ask a Lawyer Now.
Hello I am a licensed attorney. I am here to help answer your questions. Please do not hesitate to ask for clarification
What you should do is first have a letter signed by your client, indemnifying you from any litigation as a result of the tax returns prepared,
An E&O policy is fine as well, if you are a licensed accountant, malpractice insurance is possible,
however, in most of these cases, if you rely upon the information from your client, and have not intentionally violated or misrepresented any information,
it would be difficult for them to hold you liable,
The link above has a sample indemnification and hold harmless agreement,
which would protect you as well,
If you have any further questions please do not hesitate to ask.
If satisfied please provide us with positive feedback,
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).