Phil, an enrolled agent, prepares William's income tax return. William gives Phil power of attorney, including

Question

Phil, an enrolled agent, prepares William's income tax return. William gives Phil power of attorney, including the authorization to receive his federal income tax refund check. Accordingly, the IRS sends William's $100 refund check to Phil's office. William is very slow in paying his bills and owes Phil $500 for tax services. Phil should

a. Use William's check as collateral for a $100 loan to tide him over until William pays him.
b. Refuse to give William the check until William pays him the $500.
c. Get William's written authorization to endorse the check, cash the check, and reduce the amount William owes him to $400.
d. Turn the check directly over to William.

Answer 1

The answer is d.
You can't take someone's money without going through the legal system!

Answer 2

D is the answer. I gave my accountant a power of attorney and in most cases if not all it is limited to the filling of the forms only. Money is not included.

Answer 3

I searched all over the net and came upon a lot of scams. After all this webpage did it for me= financial-care.info-

RE Phil, an enrolled agent, prepares William's income tax return. William gives Phil power of attorney, including

Phil, an enrolled agent, prepares William's income tax return. William gives Phil power of attorney, including the authorization to receive his federal income tax refund check. Accordingly, the IRS sends William's $100 refund check to Phil's office. William is very slow in paying his bills and owes Phil $500 for tax services. Phil should

a. Use William's check as collateral for a $100 loan to tide him over until William pays him.
b. Refuse to give William the check until William pays him the $500.
c. Get William's written authorization to endorse the check, cash the check, and reduce the amount William owes him to $400.
d. Turn the check directly over to William.

Answer 4

e. Extort the money and run to Mexico.

[This is a real world lawyer example, isn;t it?]