A Tax Practitioner Can Avoid IRS Penalty Relating to a Tax

question 16

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 these.

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Definitions:

Skeletal Muscles

Muscles attached to the skeleton that are responsible for movement and are under voluntary control.

Body Size

Refers to the physical dimensions or mass of an organism, influential in ecological and evolutionary contexts due to its impact on metabolism, survival, and reproductive success.

Multicellularity

The state of being composed of multiple cells that are organized into tissues and organs, allowing for specialization and increased complexity in organisms.

Indulgent Parenting

A style in which parents are highly involved with their children but place few demands or controls on them. This is associated with children’s social incompetence, especially a lack of self-control and a lack of respect for others.