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:

Coercion

Coercion is the act of compelling a person to act against their will by using force, threats, or manipulation.

Effective Leader

An individual who can inspire and guide others towards realizing an organization's goals, through vision, motivation, and strategic planning.

Servant Leadership

A leadership philosophy that emphasizes the prioritization of the well-being and growth of followers over the self-interest of leaders.

Access

The ability or right to enter, approach, or use; availability.