Kerekes assisted the client in implementing the transaction , which was known as the " short option " transaction , for which the client was charged approximately $ 145,000 by both the accounting firm and Jenkens & Gilchrist , in order to produce losses to offset the taxes due to the IRS on the $ 5,000,000 the client received for the sale of his business . The short option transaction of the client , however , had the reasonable possibility only to double the $ 50,000 additional fee the client was required to pay to the bank on the options transaction .