contestada

The disclosure of a tax return position will reduce or eliminate an accuracy-related penalty on the taxpayer in which of the following circumstances?

The position is frivolous

The position is not properly substantiated

The position concerns a tax shelter with substantial authority

The position does not concern a tax shelter and has a reasonable basis

Respuesta :

jepessoa

Answer:

The position does not concern a tax shelter and has a reasonable basis

Explanation:

A disclosure of a tax return can either reduce or eliminate an accuracy related penalty if:

  1. it isn't frivolous
  2. it does not involve a tax shelter (disclosure is required, not optional, if tax shelters are involved)
  3. has a reasonable basis
  4. is properly substantiated
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