You are preparing the tax return for a new client. You see a deduction you believe to be frivolous (and therefore a violation of SSTS 1). Your client insists on taking the deduction. Assignment Take a look at US Fed Form 8275 and Form 8275-R. Think about the situation described above. Assume there is not a clear answer as to the sustainability of the claim that will allow the deduction. Briefly explain the advantage of filling out the form and why you might be reluctant to fill it out the form. Is there a better alternative?Form 8275 Disclosure Statement OMB No. 1545-0889 Do not use this form to disclose items or positions that are contrary to Treasury (Rev. August 2013) regulations. Instead, use Form 8275-R, Regulation Disclosure Statement Attachment Information about Form 8275 and its separate instructions is at www.irs.gov/form8275. Department of the Treasury Sequence No. 92 Internal Revenue Service _ Attach to your tax return. Name(s) shown on return Identifying number shown on return If Form 8275 relates to an information return for a foreign entity (for example, Form 5471), enter: Name of foreign entity Employer identification number, if any Reference ID number (see instructions) Part | General Information (see instructions (b) (d) (a) (c) (e) Rev. Rul., Rev. Proc., etc. Item or Group Detailed Description Form or Line (1) of Items of Items Schedule No. Amount 2 3 5 6 Part II Detailed Explanation (see instructions 2 3 5 6 Part III Information About Pass-Through Entity. To be completed by partners, shareholders, beneficiaries, or residual interest holders Complete this part only if you are making adequate disclosure for a pass-through item. Note: A pass-through entity is a partnership, S corporation, estate, trust, regulated investment company (RIC), real estate investment trust (REIT), or real estate mortgage investment conduit (REMIC). 1 Name, address, and ZIP code of pass-through entity 2 Identifying number of pass-through entity 3 Tax year of pass-through entity to 4 Internal Revenue Service Center where the pass-through entity filed its return For Paperwork Reduction Act Notice, see separate instructions Cat. No. 61935M Form 8275 (Rev. 8-2013)Form 8275 (Rev. 8-2013) Page 2 [Elm Explanations (continued from Parts 1' and/or H) Form 8275 (Rev. 8-2013)