A Tax Preparer Is in Violation of Circular 230 If

question 137

Multiple Choice

A tax preparer is in violation of Circular 230 if he or she:

• A) Files a tax return that includes a math error.
• B) Fails to inform the IRS of an error on the client's prior-year return.
• C) Charges a fee to prepare an original Form 1120 equal to one-third of the taxpayer's refund due.
• D) All of the above are Circular 230 violations.

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Definitions:

Foreign Producers

Companies or individuals that manufacture goods or provide services in one country for consumption in another.

Leather Shoes

are footwear made from the hide of animals, known for their durability, flexibility, and aesthetic appeal.

Dumping

The act of exporting a product at a price lower than the price it is sold at within the exporting country.

Auto Accident

A collision involving one or more vehicles, which can result in damage to the vehicles and injuries to the occupants or pedestrians.