To avoid the tax preparer penalty for understatement of the tax liability in a disclosed...
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Accounting
To avoid the tax preparer penalty for understatement of the tax liability in a disclosed position, the taxpayer's position on the return must, at a minimum Group of answer choices have substantial authority. have a realistic possibility of success. have a reasonable basis. not be frivolous. be more likely than not more than chance to succeed.
To avoid the tax preparer penalty for understatement of the tax liability in a disclosed position, the taxpayer's position on the return must, at a minimum
Group of answer choices
have substantial authority.
have a realistic possibility of success.
have a reasonable basis.
not be frivolous.
be more likely than not more than chance to succeed.
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