[yomomma]

– More likely than not = 50% greater chace that the possition will be upheld on its merits if it is challenged

What does this exactly mean? Do we use it when we decide if something is Tax-exempt or not?

FAR - 79
AUD - 82
REG - 83
BEC - 77 Booya

[Anonymous]

tax return preparer must make sure everything they put on the return is free of charge as much as possible. if you have the evidence or supporting documents, you will more likely have 100% faith that you do the return right; but if you dont have the actual doc or you have to estimate, then you need to assess the possibility that how accurate your estimate is. less accurateness, less %, more likely to disclose the uncertainty in the return.

[Author]

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