Latrelle, who prepares the tax return for Whitehall Corporation includes a $$5,000$ deduction on the return. This type of deduction previously has been disallowed by the Tax Court, although there is a $15\%$ chance that the holding will be reversed on an appeal by Whitehall. The return does not make any special disclosure that the deduction is being claimed. Whitehall paid Latrelle a fee of $$8,000$ for preparing the Form $1120.$ Latrelle will be assessed a preparer penalty of $$4,000$ for taking an unreasonable position on the Whitehall return.

Group of answer choices

True

False