Houston Has Found Conflicting Authorities That Address a Research Question

question 93

Essay

Houston has found conflicting authorities that address a research question for one of his clients.The majority of the authorities provide a favorable answer for his client.Nonetheless,there are several authorities that provide an unfavorable answer.Houston estimates that if the client takes the more favorable position on its tax return that there is approximately a 60 percent chance that the position will be sustained upon audit or judicial proceeding.If the client takes this position on its tax return,will Houston be subject to penalty? Will the client potentially be subject to penalty?

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Definitions:

Aficionado's

Enthusiasts or devotees to a particular interest or activity.

Recourse

The legal right to demand compensation or redress, typically in a financial context, like seeking recourse for a defaulted loan.

Down Payment

An initial payment made when something is bought on credit, representing a fraction of the full purchase price.

Scope of Authority

The range or limits of the powers and responsibilities legally granted to a person or organization.