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Realistic possibility as used in Circular 230 means For realistic possibility of being sustained on its merits for a reasonable and well informed analysis of

Realistic possibility as used in Circular 230 means For realistic possibility of being sustained on its merits for a reasonable and well informed analysis of the law and facts by a person knowledgeable in the law would lead such a person to conclude that the position has a _____(express as a fraction) or greater likelihood of being sustained on its merits.

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