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The disclosure of a tax return position will reduce or eliminate an accuracy-related penalty on the...

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

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Answer #1

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

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

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