Reasonable Reliance on a Competent Advisor

Explaining Reasonable Reliance on a Competent Advisor to Uncle Bill. Reasonable cause, specifically, reasonable reliance on a competent advisor will prove rather important to Uncle Bill, and so when he calls you to discuss this great scheme plan he's been introduced to, you know that this is the time to breach the subject with Bill. You see, Uncle Bill bought his first house from an infomercial he saw after the Ed Sullivan show in the mid-1960s.  That Bill might have been as high as the Golden Gate Bridge is long, and that he might have thought that Topo Gigio was explaining the general theory of relativity to him in terms he could understand, may also have played into the decision to buy the Airstream, but be that as it may, Bill has always been somewhat susceptible to influence when making major financial decisions—especially, it seems, at the behest of an foam…

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