A Client Wants to Take a Tax Return Position with Less

question 73

Multiple Choice

A client wants to take a tax return position with less than a 10% probability of being upheld in court. The CPA should

• A)take the client's desired position, but not sign the tax return.
• B)inform the client that the position does not have a realistic possibility of success.
• C)ask the client to sign a waiver of his right to sue the CPA in the event the IRS disallows the position.
• D)take the client's desired position and sign the return as usual.

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Definitions:

Middle-Class Families

Households typically characterized by moderate income levels, educational attainment, and occupational status, often considered central to societal structure.

Television 1970s

A period marked by significant developments in TV broadcasting, including the expansion of cable television and the emergence of landmark shows and genres.

Dominant Ideologies

The set of beliefs, values, and morals that are widely shared and considered normative within a society, often perpetuated by the media.

United States

A country in North America, consisting of 50 states and a federal district, known for its large economy and cultural influence worldwide.