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:

Social Attachments

Emotional bonds between individuals, crucial for emotional development and contributing to an individual's sense of security and belonging.

Cooperative Child Raising

A parenting approach involving collaboration among multiple caregivers, sharing the responsibilities of child rearing to enhance socialization and support.

Narcissism

A personality disorder characterized by an inflated sense of self-importance, need for admiration, and lack of empathy for others.

Well-Adjusted

Refers to an individual who is mentally and emotionally stable and can handle normal social situations effectively.