Which of the Following Is Not a Legal Obligation of an Income

question 54

Multiple Choice

Which of the following is not a legal obligation of an income tax return preparer?

• A) A preparer must endorse clients' refund checks.
• B) A preparer must furnish clients with copies of their returns.
• C) A preparer must sign clients' tax returns.
• D) A preparer must include his or her identifying number on clients' tax returns.

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Definitions:

Oliver North's Weapons Deals

Part of the Iran-Contra affair, where U.S. Marine Lt. Col. Oliver North was involved in the sale of arms to Iran with the intention of funding Contra rebels in Nicaragua during the 1980s.

Ronald Reagan

The 40th President of the United States, who served from 1981 to 1989, known for his conservative policies and strong stance against the Soviet Union.

Mikhail Gorbachev

The last leader of the Soviet Union, serving from 1985 until its dissolution in 1991, known for his policies of glasnost (openness) and perestroika (restructuring).

Socio-Economic Problems

Issues that affect individuals and societies, stemming from the interaction of social and economic factors.