In which of the following cases is a CPA not subject to a penalty stemming from a
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In which of the following cases is a CPA not subject to a penalty stemming from a position taken on a tax return?
I. The position had a “reasonable chance of being sustained.”
II. The position had a “realistic possibility” of being sustained.
III. The position was “more likely than not” to be sustained.
a. I only
b. II only
c. III only
d. I, II, and III
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Related Book For
South Western Federal Taxation 2018 Corporations Partnerships Estates And Trusts
ISBN: 1389
41st Edition
Authors: William H. Hoffman, William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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