A Client Wants to Take a Tax Return Position with Less

question 93

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

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Definitions:

Technological Determinism

The theory that technology is the principal factor driving societal changes and shaping human history.

Research Scientists

Professionals engaged in systematic investigation and study in various fields of science to acquire new knowledge and understanding.

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An American inventor and entrepreneur known for his development of the electric light bulb, phonograph, and motion picture camera, among many other innovations.

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