Circular $230$ authorizes Lisa to sign, as the preparer, a tax return that:

Reports a $$12,000$ loss from an investment with no documentation or written opinion.

Shows zero income tax due and includes a claim that filing and paying income taxes are voluntary.

Takes a non$-$frivolous position and has substantial authority for the position.

Takes an undisclosed position that Lisa has not encountered before and does not have time to research.