Which, If Any, of the Following Could Result in Penalties

question 14

Multiple Choice

Which, if any, of the following could result in penalties against an income tax return preparer? I. Knowing or reckless disclosure or use of tax information obtained in preparing a return.
II) A willful attempt to understate any client's tax liability on a return or claim for a refund.

• A) I only
• B) II only
• C) both I and II
• D) neither I nor II