If a tax preparer notes an error on a clients tax return, under Circular 230, the tax

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If a tax preparer notes an error on a client’s tax return, under Circular 230, the tax preparer should:

a. Report the mistake to the IRS immediately

b. Prepare an amended tax return and file such return immediately

c. Notify the client of the error and the consequences of not correcting it

d. Contact local authorities and consider whistleblower rewards

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Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Feb 28, 2023 07:42 AM

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If a tax preparer notes an error on a clients tax return, under Circular 230, the tax

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Income Tax Fundamentals 2023

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