In 2022, paid preparers of California income tax returns or claims for refund involving the California Earned Income Tax Credit (CalEITC) must meet due diligence requirements in determining the taxpayer's eligibility for, and the amount of, the CalEITC. Failure to do so could result in a penalty of what for each failure?

Answer rating: 100% (QA)

SOLUTION According to the California Revenue and Taxation Code RTC paid prepar... View the full answer