A Tax Practitioner Can Avoid IRS Penalty Relating to a Tax

question 16

Multiple Choice

A tax practitioner can avoid IRS penalty relating to a tax return position:

• A) if the position is frivolous and disclosed on the tax return.
• B) if the position has a realistic possibility of being sustained by the IRS or courts.
• C) if there is substantial authority to support the position.
• D) if the position has a reasonable basis and is not disclosed on the tax return.
• E) None of these.

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Definitions:

This Parameter

A reference within an object method to the current object.

Java Method

A block of code defined within a class that performs a specific task and can be executed when called upon.

Boolean Value

A boolean value is a basic data type in programming that can only hold one of two possible values: true or false.

Integers Equality

The condition where two integer values are the same in value.