For each of the indicated penalties, indicate the appropriate taxpayer defense.
a.Reasonable basis
b.Reasonable cause
c.Substantial authority
d.Disclosure on return
-Substantial understatement of tax

Question

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The Answer of For each of the indicated penalties, indicate the appropriate taxpayer defense.
a.Reasonable basis
b.Reasonable cause
c.Substantial authority
d.Disclosure on return
-Substantial understatement of tax

For Each of the Indicated Penalties, Indicate the Appropriate Taxpayer