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

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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.

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