Question: For each of the following situations indicate the amount of

For each of the following situations, indicate the amount of the penalty that could be imposed on the tax return preparer:
a. A tax return preparer understates the taxpayer’s tax liability with a frivolous position and does not disclose the position. $ _________________
b. A tax return preparer fails to furnish his identifying number. $ _________________
c. A tax return preparer aids a taxpayer in understating a tax liability. $ ______________
d. A tax return preparer endorses and cashes a client’s tax refund check. $ ____________

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  • CreatedJuly 16, 2015
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