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:

Diversity Training Programs

Educational initiatives designed to enhance awareness of diversity and foster inclusion in the workplace or other community settings.

Mandatory

Refers to something that is obligatory or required by law or rules.

Performance Ratings

Performance ratings are assessments used to evaluate the work performance of employees, usually by supervisors or management.

Low-Income Women

Refers to women who fall below a certain threshold of income, often defined by national poverty lines, highlighting a demographic facing economic challenges.