Do I have a case? A couple of years ago I inherited some money in the form of investments and cash (or so I thought). The financial advisor dealing with the account told me that part of the money was in an annuity and the other part had been distributed, taxes had been paid on it, and it was placed in a separate account. Following that information, I paid taxes on the portion that was left in the annuity under the impression that the rest of the money was fine and didn't need to be included on the tax return considering that it wasn't (supposedly) invested and I wasn't receiving it as a payment for services rendered. NOW I have an ugly letter from the IRS saying I own them 32000 dollars, partially in fees and interest, and all of this due to my general ignorance about financial accounts and the misrepresentation of the status of my accounts when they were transfered over to me. At the time I was 19-20. Do I have a case against my financial advisor?