Which of the Following Is Subject to Tax Return Preparer

question 13

Multiple Choice

Which of the following is subject to tax return preparer penalties?

• A) Meredith is the director of Federal taxes for a C corporation.
• B) Sammy is a volunteer who prepares returns at the retirement home under the IRS Tax Counseling for the Elderly program.
• C) Abbie prepares her mother's tax returns for $50 a year. A CPA, Abbie would charge a client $750 for completing a similar return.
• D) Lizzie, the firm's administrative assistant, makes copies of returns and assembles the mailings that the client must make to the taxing agencies.

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Definitions:

Wild Species

Plant and animal species that exist naturally in the wild, untouched by domestication or genetic modification.

Medicinal Benefits

The health advantages gained from the consumption or use of drugs, plants, or other substances with therapeutic properties.

Precautionary Strategy

An approach to decision-making that emphasizes preventive action in the face of uncertainty, aiming to minimize risks.

Captive Breeding

The process of breeding animals in controlled environments within zoos, wildlife reserves, or other facilities to preserve endangered species.