Question: A compensated tax return preparer has prepared a substantial portion of a client s filed tax return. If the preparer has discovered an omission in

A compensated tax return preparer has prepared a substantial portion of a clients filed tax return. If the preparer has discovered an omission in the return, the preparer must notify the client (taxpayer) and is also required to
Advise the taxpayer of the consequences of the error or omission.
Make reasonable inquiries unless (s)he is a nonsigning preparer.
Notify the IRS.
Withdraw from the engagement.

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