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Ryan, a tax practitioner, prepares H 3 Inc's. federal income tax return. H 3 ' s tax liability is understated under the tax law. In
Ryan, a tax practitioner, prepares H Inc's. federal income tax return. Hs tax liability is understated under the
tax law. In which situation would Ryan be most likely to be assessed an IRC Section penalty?
Hs nondisclosed tax position had substantial authority.
H had reasonable cause for the understatement, and Ryan acted in good faith.
Hs disclosed tax postion does not have a reasonable basis
H had reasonable doubt that the company qualified for certain tax credts.
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