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:

First Consul

A title given to Napoleon Bonaparte in 1799, marking his significant political and military leadership in France.

French Republic

The official name of France as a democratic country, established in 1792 after the overthrow of the monarchy, currently in its Fifth Republic initiated in 1958.

French Army

The land-based military force of France, established in the early modern period, known for its pivotal roles in European and global conflicts throughout history.

Metal Relief Etching

A printmaking technique where designs are incised into a metal plate, creating indented areas that hold ink and form the printed image when pressed onto paper.