If the CPA Negligently Failed to Properly Prepare and File

question 62

Multiple Choice

If the CPA negligently failed to properly prepare and file a client's tax return, the CPA may be liable for

• A) the penalties the client owes the IRS.
• B) the penalties and interest the client owes.
• C) the penalties and interest the client owes, plus the tax preparation fee the CPA charged.
• D) the penalties and interest, the tax preparation fee, and the amount of tax that was underpaid.

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Definitions:

Female

Referring to the sex of an organism, or part of an organism, which is characteristic of producing non-mobile ova (egg cells) and typically possessing XX chromosomes in mammals.

At Most

A term used to indicate a maximum limit or boundary in mathematical expressions or everyday language.

One Ace

Refers to having a single ace card in a game or situation, often symbolizing a minimal advantage.

Random Cards

A selection of cards from a deck without any specific order or pattern.