Question: Which statement is accurate regarding IRC Section 6 6 9 4 preparer penalty provisions? Penalties may apply to the practitioner when the client's tax liability

Which statement is accurate regarding IRC Section 6694 preparer penalty provisions?
Penalties may apply to the practitioner when the client's tax liability is understated.
Penalties may lead to an investigation by the United States Department of Justice.
Penalties can be assessed on a practitioner even if a disclosed tax position has a reasonable bas?
Penalties can range from $50 to $200 if misconduct is found.
Which statement is accurate regarding IRC Section 6694 preparer penalty provisions?

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