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

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Definitions:

Slowed Gait

A reduction in walking speed, often indicative of aging or underlying health conditions.

Shorter Steps

Refers to taking smaller physical strides, often related to aging, physical conditions, or as a technique in various forms of exercise and rehabilitation.

Bilingualism

The ability of an individual to use and understand two languages, often improving cognitive abilities and cultural awareness.

Cognitive Benefits

Advantages related to brain-based skills and functions, such as improved memory, attention, and problem-solving abilities.