Question: A taxpayer ordinarily should not assert a tax position unless it is supported by a reasonable possibility of success. This standard commonly is referred to

A taxpayer ordinarily should not assert a tax position unless it is supported by a reasonable possibility of success. This standard commonly is referred to as requiring a certain probability of acceptance or approval if the position is detected and challenged by the taxing authority. What is the associated probability of success?
Group of answer choices
20%
33.3%
40%
Over 50%

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