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.