Question: A tax practitioner can avoid IRS penalty relating to a tax return position: A. if the position has a reasonable basis and is disclosed on

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

A.

if the position has a reasonable basis and is disclosed on the tax return.
B.

only if the position has a more likely than not chance of being sustained by the IRS or courts.
C.

None of the choices are correct.
D.

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

if there is not substantial authority to support the position.

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