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Jayda, a tax professional from California, assists Bella in filing her income tax return....

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Accounting

Jayda, a tax professional from California, assists Bella in filing her income tax return. Bella sold investment
stock that she held for two years, and believes that the proceeds should be considered as a return of capital, and
thus not reported in her tax return. However, after conducting research, Jayda concludes that Bellas position has
no reasonable basis, and she is unsure if there is any realistic possibility of success based on those merits. In what
situations would Jayda be able to sign Bellas return?) If the position is not frivolous and is adequately disclosed on the return.
b) If Jaydas documents show her disagreement with Bellas position, and they are kept it in her file.
c) If Bella agrees in writing not to dispute any IRS challenges to the position.
d) Under no circumstances.

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