A Tax Return Preparer (TRP)is

question 3

Multiple Choice

A tax return preparer (TRP) is:

• A)a CPA as required by the IRS
• B)not subject toany kind of penalty as he/she prepares returns on behalf of taxpayers
• C)any person whoprepares tax returns gratuitously
• D)any person whoprepares tax returns for compensation

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Definitions:

Freemium

A business model where basic services are provided free of charge while more advanced features must be paid for.

Subscription

An arrangement to receive products or services, such as publications or software, on a regular basis by paying a fee.

Electronic Tendering

The process of submitting and receiving bids and tenders for goods and services over the internet.

Reverse Auction

A type of auction in which sellers bid to provide goods or services to a buyer, and prices typically decrease as vendors compete.