Knowing how the IRS operates, and how and why the IRS audits certain returns, is extremely important to tax practitioners. There are many tax penalties that apply to taxpayers and tax preparers, explain the following penalties:
Failure to File
Failure to Pay
Accuracy-Related Penalty
Fraud Penalty
You can use the www.irs.gov website or your textbooks from AC256 and AC430 as references. Additionally, any scholarly, peer-reviewed journal article or source is acceptable as reference material.