An accountant prepares and signs, as preparer, an income tax return for a client and receives a
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Question:
An accountant prepares and signs, as preparer, an income tax return for a client and receives a fee of $1,200 for these services. Upon examination of the return by the IRS, items are disallowed due to an unreasonable position, thereby subjecting the accountant to a Section 6694(a) penalty for what amount?
A. $500
B. $600
C. $1,000
D. $1,200
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date: