Which, If Any, of the Following Could Result in Penalties

question 18

Multiple Choice

Which, if any, of the following could result in penalties against an income tax return preparer? I. Knowing or reckless disclosure or use of tax information obtained in preparing a return.
II) A willful attempt to understate any client's tax liability on a return or claim for a refund.

• A)I only
• B)II only
• C)neither I nor II
• D)both I and II

---

Definitions:

Commitment

A pledge or promise; an agreement that binds one with others or to a cause; the sense of duty one has to accomplish a task; an essential element of caring leadership.

Exploration

The act of traveling in unknown regions to discover new knowledge, resources, or geographical routes.

Responsibility

Having the duty to deal with something or having control over someone, often tied to ethical or moral obligations.