If a Tax Return Preparer Informs a Taxpayer That an Error

question 24

Multiple Choice

If a tax return preparer informs a taxpayer that an error exists in a tax return previously filed by the taxpayer,the taxpayer has:

• A) A duty to correct the tax return under all circumstances
• B) A duty to correct the tax return only if the error was intentional
• C) A duty to correct the tax return only if the error was material
• D) No duty to correct the tax return

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Definitions:

Private Property

The legal right or interest that an individual has in a piece of property, distinctly marked by ownership rights, be it real estate or personal property.

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