Question
In the last episode in the adventures of Dr. Will Floss, the tax-evading dentist identified earlier in this chapter, he was found exploring the cavities
In the last episode in the adventures of Dr. Will Floss, the tax-evading dentist identified earlier in this chapter, he was found exploring the cavities of his patients mouth. As may be remembered, Dr. Floss had just made a deal with a patient whereby he exchanged a root canal for some carpet complete with pad and installation. Flosss accountant, Al, was faced with a dilemma. After dumping his records on Als desk, Floss had proudly proclaimed that it was another great year. Al could remember his exact words: Made over $250,000 but reported only $100,000. Not bad, said Floss. Am I glad I talked to Dr. Moller! Unfortunately, Al had to lower the boom on Flosss plan, explaining to him that he was required to report his barter income. However, Floss has stated flatly that he will not report the income. If Moller doesnt report his, Im not reporting mine, insists Floss. What should Al the accountant do about his client Floss and his friend Moller? If Floss goes to another accountant, does Al have any responsibilities?
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