When Does "Substantial Authority" Exist for a Tax Return Position

question 16

Short Answer

When does "substantial authority" exist for a tax return position?

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Definitions:

Contractor

An individual or company hired to perform work or provide services for another entity under terms specified in a contract.

English Rule

A legal principle stating that the losing party in a lawsuit must pay the winning party's legal costs.

Majority Rule

A decision-making rule in which the option that receives more than half of the votes is chosen.

Assignee

An individual or entity to whom rights or interests have been transferred by another, known as the assignor.