What do you do if your taxpayer wants to take a position that you believe is more likely than not to be contested?
Background: Taxpayer wants to take a deduction, after looking at case law, I think it’s more likely than not to be disallowed if audited. Now I could see how an argument could be made for its deductibility, but in the few cases found with similar facts, it was disallowed in all. In such a situation, would you refuse to take the position on a return you prepared and signed, or express and document your concerns but take the position?