How Does a Taxpayer Determine If "Substantial Authority" Exists for a Tax

question 11

Essay

How does a taxpayer determine if "substantial authority" exists for a tax treatment the taxpayer desires to adopt?

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Definitions:

Individual Outcome

The result or final state of a single observation or experiment, which can vary between instances in a study or trial.

Constitute

To compose or form something, often used in a legal or formal context to indicate the components that make up a whole.

Probabilities

Measures the likelihood of an event occurring, ranging from 0 to 1.

Mutually Exclusive

Describes events that cannot occur at the same time.