Negotiating a transaction

  You are negotiating a transaction on behalf of one of your clients, Blair Burke. During the negotiation you become aware that the other party to the transaction does not adequately understand the tax consequences of the proposed transaction, which are highly favorable to Burke. In fact, if the transaction were completed as proposed, the other side would suffer significant negative tax consequences. Ethically, should you inform the other party of the potential negative tax consequences of the proposed transaction? Be sure to support your comments with information you find and/or in the IRS code.