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Assume Logan wishes to take a tax position that lacks substantial authority. Provide your thorough understanding of how the taking of such a position might

Assume Logan wishes to take a tax position that lacks substantial authority. Provide your thorough understanding of how the taking of such a position might affect Logan and you as the tax preparer. Be sure to discuss all possible scenarios with relevant tax rules and ethical standards and all potential consequences/outcomes in a well-organized memorandum.

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Substantial Authority in Support of an Undisclosed Tax Position Regs Sec 166624d3i explains when there is substantial authority in support of a tax position The regulation provides in part There is su... blur-text-image

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