I carried a certain amount of starry-eyed innocence with me early in my tax career. And I remember the day it started to fade. I had been anticipating finalizing a settlement for a client’s outstanding tax liability. On paper, I was convinced we would get what we wanted. Then I got the phone call.
“What about the (other) bank account?” the IRS representative asked.
I explained that I didn’t know what she was talking about. We had, I said confidently, reported all of the taxpayer’s income.
Spoiler alert: We had not.
The taxpayer—who knew better—had a secret account that he ...