Federal Tax Research 10th Edition by Steven Gill, Gerald Whittenburg, Roby Sawyers, Debra Sanders, William Raabe

تمرين 55

CPA Joe reimburses a client for a $75,000 tax liability that is traceable to Joe's ineffective tax advice. For fear of increasing his already steep malpractice-insurance premiums, Joe does not file a claim with the insurer. Can Joe deduct the $75,000 loss