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A taxpayer can avoid a substantial understatement of tax penalty: if the position is frivolous and disclosed on the tax return. if the position has
A taxpayer can avoid a substantial understatement of tax penalty:
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 the position is not frivolous and disclosed on the tax return.
if the position has a reasonable basis and is disclosed on the tax return.
None of the choices are correct.
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