For Each of the Indicated Tax Penalties, Indicate the Appropriate

question 15

Multiple Choice

For each of the indicated tax penalties, indicate the appropriate taxpayer defense. A letter may be used more than once. Not all of the letters need be used.
-Filing an improper refund claim.

• A)Ignorance of the tax law
• B)Reasonable basis
• C)Reasonable cause
• D)Complexity of the tax law
• E)Substantial authority
• F)Disclosure on return

Understand the principles of agency law including the authority and liability of agents.

Comprehend the duties owed by agents to their principals and the consequences of breaching these duties.

Recognize the legal implications of agent actions, including unauthorized transactions and the disclosure of information.

Identify the circumstances under which an agency relationship terminates and the resultant rights of third parties.