Which of the following is not a reason for relief from the substantial understatement penalty?
A) reliance on a tax return preparer
B) disclosure of the relevant facts pertaining to the questionable tax return position
C) reasonable cause and a good faith effort to comply with the tax law
D) substantial authority for the tax return position
Correct Answer:
Verified
Q42: On July 25 of the following year,
Q44: On August 13 of the following year,
Q49: A $500 penalty for each instance of
Q50: If Brad files his last year's individual
Q52: Your client wants to avoid any
Q54: Pete has reported a tax liability of
Q55: A taxpayer can automatically escape the penalty
Q58: The taxes shown on Kate's tax returns
Q59: On July 25 of the following year,
Q59: Gerald requests an extension for filing his
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents