Tax return preparers may be penalized for all of the following except a. aiding and abetting...

Tax return preparers may be penalized for all of the following except

a. aiding and abetting an understatement of tax liability.

b. aiding or assisting in the preparation of a false return.

c. disclosure of relevant facts concerning the tax treatment of a transaction.

d. failure to file the correct information on a return.

Solutions

Expert Solution

Answer is c. disclosure of relevant facts concerning the tax treatment of a transaction.

There is no penalty for disclosure of facts

ekkarill92 answered 2 years ago

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