As tax advisers, accountants should understand when communications and work product are privileged and when they are not.
What does WP stand for?
WP stands for Work Product (IBM Global Services Unit of Work)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Information technology (IT) and computers
- Business, finance, etc.
See other definitions of WP
We have 39 other meanings of WP in our Acronym Attic
- WordPress Plugin (software)
- Work Package
- Work Packet
- Work Party
- Work Place (various locations)
- Work Plan
- Work Planner
- Work Preparation
- Work Print
Samples in periodicals archive:
The crime-fraud exception "permits the government to obtain access to otherwise privileged communications and work product when they are used in furtherance of an ongoing or future crime," according to the decision.
Unfortunately, the courts are not in agreement about whether tax accrual workpapers are work product: Some courts have held that reserve analyses are protected because they would not exist absent potential litigation with the IRS, whereas one appellate court has held they are not work product because they are not "prepared for use in litigation.
As for work product, court opinions have held that an attorney's opinion-related work product is confidential, but not the fact-related work product.
Tax Court's Analysis After reviewing the memos in camera, the court found that the memos discussed the intended arguments to be made in the case and that both were prepared in the course of litigation, so they were privileged work product .
In submitting applications for experience credit, many associate members have questions on what most current work product is.
In a recent article, one defense attorney concluded that the "reasoned" view should be that data obtained in litigation that is generated by support groups in anticipation of litigation is not work product and is discoverable.