A Tax Practitioner Can Avoid IRS Penalty Relating to a Tax

question 87

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 choices are correct.

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Definitions:

Industrialist Cultures

Societies characterized by a strong emphasis on industrialization, technological progress, and the production and manufacturing sectors.

Self-expression

The act of conveying one's thoughts, feelings, or ideas, especially through art, speech, or other creative means.

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Sense of Who

The internal perception or awareness of oneself as a distinct individual with unique thoughts, feelings, and experiences.