Client Sues Tax Advsior For Bad Advice: Is The Settlement Payment Tax-Free?

The next time you're with your tax advisor, take a good, long look at him (or her). Only when you do, try to look past the framed degree commemorating his six-and-a-half years at an affordably priced correspondence college. Look past the license acknowledging that on only his eighth try, he successfully passed the CPA exam. And look past the copy of the Internal Revenue Code, that veritable bible of tax law, that is currently serving as the base of his oversized monitor.