What Is the IRS Guideline for Determining Whether a Tax

question 23

Multiple Choice

What is the IRS guideline for determining whether a tax return position has substantial authority?

• A)A person knowledgeable in the tax law concludes that the position has a something less than 50% likelihood of being supported.
• B)A person knowledgeable in the tax law concludes that the position has at least a 50% likelihood of being supported.
• C)A person knowledgeable in the tax law concludes that the position has at least a two-thirds likelihood of being supported.
• D)A person knowledgeable in the tax law concludes that the position has at least a 75% likelihood of being supported.

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Definitions:

Humanism

A psychological approach and philosophical stance that emphasizes the personal worth of the individual and the centrality of human values and experiences.

Social Cognitive

A theory that emphasizes how cognitive, behavioral, personal, and environmental factors interact to determine motivation and behavior.

Phenomenological

Pertaining to phenomenology, a philosophical approach that emphasizes the subjective experience of individuals and how they interpret the world around them.

Behaviourism

A psychological approach focusing on observable behaviors and their environmental determinants, emphasizing the effects of learning and conditioning.