A Tax Practitioner Can Avoid IRS Penalty Relating to a Tax

question 95

Multiple Choice

A tax practitioner can avoid IRS penalty relating to a tax return position:

• A) if the position is frivolous and disclosed on the tax return.
• B) if the position has a realistic possibility of being sustained by the IRS or courts.
• C) if there is substantial authority to support the position.
• D) if the position has a reasonable basis and is not disclosed on the tax return.
• E) None of the above.

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Definitions:

Myosin Heads

The part of the myosin protein that binds to actin filaments and performs the power stroke to cause muscle contraction.

Cross-Bridges

The connections formed between actin and myosin filaments in muscle fibers during contraction.

Actin Myofilaments

Thin filaments within muscle cells that, along with myosin, contribute to muscle contraction and relaxation.

Threshold Level

A threshold level refers to the minimum intensity that stimulates a perceptible response in a physical, biological, or psychological system.