Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a tax practitioner can avoid irs penalty relating

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

50.1K

Verified Solution

Question

Accounting

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

  • if the position is frivolous and disclosed on the tax return.

  • if the position has a realistic possibility of being sustained by the IRS or courts.

  • if there is substantial authority to support the position.

  • if the position has a reasonable basis and is not disclosed on the tax return.

  • None of the choices are correct.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Overnight Publishing Company (OPC) has $3.9 million in excess cash. The firm plans to use this...

Finance
Q

What are the most common mechanisms of sympatric speciation and in which major group of organisms...

Biology
Q

O all of the answers are correct for lichen O reproduces asexually by fragmentation and...

Biology
Q

Complete the following sentence:Sue was known for her approach to playing the pianoA. presumeB. meticulousC....

Biology
Q

Figure 39 1 Which area in Figure 39 1 indicates a complete sarcomere 3 2...

Biology
Q

Find the final amount in the following retirement account in which the rate of return...

Basic Math
Q

on 7 area of a triangle bound icular to f x that passe

Algebra
Q

Prepare journal entries for the following transactions from Angled Pictures. June 21. Customer LeShaun...

Accounting
Q

Financial measures alone do not capture all aspects of an organization's performance. Nonfinancial measures can...

Accounting
Q

How do you get 205,000? s investment in...

Accounting
Q

Investors will convert their convertible preferred shares into common shares if Select answer from the...

Finance
Q

what information do you need? 4 .6 . 6. Investors believe a company's...

Finance