Sidney Kess and Stow Lovejoy Published in The Tax Stringer, "When Can You Trust"

By Sidney Kess and Henry Stow Lovejoy

As a CPA or tax lawyer, your client relies on your advice. You may believe that by relying on your advice, your client is protected against the assertion of penalties by the IRS. In fact, the Supreme Court, in United States v. Boyle, said that when an accountant or attorney advises a taxpayer on a matter of tax law, it is reasonable for that taxpayer to rely on that advice, without seeking a second opinion or personally monitoring the tax law.

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