Core Terms: statute of limitations, accountant, audit,
malpractice, accounting, passive, limitations period, tax returns, investment
income, tax deficiency, tax liability, tax years, gross receipts, discovery
rule, income tax, calendar years, notice of deficiency, terminated, examiner's,
notice, tax adjustments, proposed adjustments, began to run, settlement,
subsidiary, lawsuit, passive income, taxable year, consecutive, examination
Appellants: Neal, Gerber & Eisenberg, LLP, of Chicago (Stephen Fedo and
Patrick Frye, of counsel).
For Appellees: Cassidy & Schade, LLP, of Chicago (Julie A. Teuscher
and Scott J, Brown, of counsel).
Judge: JUSTICE QUINN delivered the opinion
of the court. STEELE and COLEMAN, JJ., concur.
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