If a Tax Return Preparer Prepares a Return That Involves

question 69

Multiple Choice

If a tax return preparer prepares a return that involves a "listed transaction," the preparer can avoid all penalties if

• A)the position is not unreasonable.
• B)the position has a possibility of success.
• C)the preparer has substantial authority for the position
• D)the position has no support but there is no evidence of fraud.

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Definitions:

Serotonin

A neurotransmitter that contributes to feelings of well-being and happiness, also playing roles in sleep, digestion, and other bodily functions.

DSM-IV-TR

The Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition, Text Revision; a manual used by healthcare professionals to diagnose and classify mental disorders.

Eating Disorder

A psychiatric condition characterized by abnormal or disturbed eating habits which negatively affect a person's physical or mental health.

Anorexia Nervosa

An eating disorder characterized by an extreme concern with being overweight and by compulsive dieting, sometimes to the point of self-starvation.