Item$13$

$4$points

Time Remaining $1$ hour $42$ minutes $14$ seconds

$01$:$42$:$14$

References

Item $13$

Time Remaining $1$ hour $42$ minutes $14$ seconds

$01$:$42$:$14$

TB MC Qu$.02-87($Static$)$ A tax practitioner can avoid IRS penalty relating...

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

Multiple Choice

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

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

if there is not substantial authority to support the position.

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

None of the choices are correct.