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:

Culturally Endorsed Leadership

A leadership approach that is widely accepted and supported within a particular cultural context.

Diversity Culture

An organizational culture that embraces, values, and respects differences among its members in terms of ethnicity, gender, age, national origin, disability, sexual orientation, education, and religion.

International Endorsed

Recognized, supported, or approved by entities or authorities across multiple countries.

Culturally Endorsed Leadership

Leadership qualities or styles that are widely accepted and promoted within a given culture or society.