According to the AICPA Statement on Standards for Tax Services, which of the following is the correct order of standards from most probable to least probable:
A. More likely than not. Substantial authority. Realistic possibility of success. Reasonable basis.
B. Reasonable basis. Realistic possibility of success. More likely than not. Substantial authority.
C. Substantial authority. Reasonable basis. More likely than not. Realistic possibility of success.
D. More likely than not. Realistic possibility of success. Reasonable basis. Substantial authority.
Answer:A
According to the AICPA Statement on Standards for Tax Services, which of the following is the correct order of standards from most probable to least probable:
A. More likely than not. Substantial authority. Realistic possibility of success. Reasonable basis. B. Reasonable basis. Realistic possibility of success. More likely than not. Substantial authority. C. Substantial authority. Reasonable basis. More likely than not. Realistic possibility of success. D. More likely than not. Realistic possibility of success. Reasonable basis. Substantial authority.