Question: Your client has an aggressive return filing position for taking a tax deduction that has little support in the tax law. Your good advice is

Your client has an aggressive return filing position for taking a tax deduction that has little support in the tax law. Your good advice is to:
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File the return with the deduction and hope not to be audited.
File the return with the deduction, but disclose within the return that it has little support under the tax law.
File the return with the deduction, but put aside funds in case of a later challenge.
Do not file a tax return for the year.

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