A Taxpayer Can Avoid an Underpayment Penalty If There Is

question 28

True/False

A taxpayer can avoid an underpayment penalty if there is substantial authority that supports her tax return position.

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Definitions:

Paper Medical Records

Traditional forms of keeping patient's health information and history on paper, as opposed to digital formats.

Shelves

Flat horizontal surfaces used for storing or displaying items, found in cabinets, rooms, or on walls.

File Cabinets

Furniture designed for the organized storage of documents, files, and papers, typically used in office settings.

OUTguides

Tools used in filing systems to track documents that have been removed, typically consisting of a placeholder that records who has taken the document and when.