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:

Religious Beliefs

Refers to the specific fundamental principles and convictions held by individuals or groups regarding spirituality, morality, and understanding of the divine.

Superordinate Goals

Superordinate goals are shared goals that require the cooperation of two or more individuals or groups to achieve, which can reduce conflict and increase collaboration.

Water Supply

The provision of water by public utilities, commercial organisations, or other entities to meet the water needs of the public and the environment.

Social Relationships

Connections or affiliations between two or more individuals that can influence social behavior and interactions.