Time Remaining $2$ hours $38$ minutes $59$ seconds

$02$:$38$:$59$

Item $9$

Time Remaining $2$ hours $38$ minutes $59$ seconds

$02$:$38$:$59$

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

Multiple Choice

if the position is frivolous and disclosed on the tax return.

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

if there is substantial authority to support the position.

if the position has a reasonable basis and is not disclosed on the tax return.

None of the choices are correct.