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