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A position with a reasonable basis has which of the following characteristics? - it is approximately a one-in-three likelihood of being sustained - it is

A position with a reasonable basis has which of the following characteristics?

- it is approximately a one-in-three likelihood of being sustained

- it is a genuine, more than a merely arguable and is not a merely colorable claim

- Authorities supporting the position are substantial in relation to the weight of the authorities supporting contrary treatment

- never result In taxpayer penalty

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