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

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Definitions:

Ward Captains

Local political party leaders who are responsible for organizing party voters within a specific electoral district or ward, often playing key roles in campaign activities and mobilizing voters.

American Political Party

An organized group of people with at least roughly similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Winning Elections

The process and strategy of securing enough votes to achieve victory in a democratic electoral contest.

Candidates Elected

Individuals chosen by voters to hold public office after successfully winning an election.