The "Reasonable Possibility of Success" Standard Commonly Is Associated with "1

question 32

Multiple Choice

The "reasonable possibility of success" standard commonly is associated with "1 out of 3" odds of success.These odds refer to the likelihood of success:

• A) After the IRS has detected and challenged an asserted tax position
• B) Taking into account the fact that the IRS may not detect a questionable tax position
• C) Taking into account the fact that the IRS may detect a questionable tax position, but not challenge it due to limited government resources
• D) Of the taxpayer achieving the beneficial tax savings desired from the asserted position

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Definitions:

Narcissism

A mental health condition marked by an exaggerated feeling of self-worth, desire for admiration from others, and an absence of compassion towards others.

Ostracism

The exclusion from a society or group.

Autonomy

the capacity and right of individuals to make their own choices and decisions independently.

Achievement Motivation

A drive within individuals that propels them to pursue and attain their goals.