A Paid Tax Return Preparer Is Allowed to Have

question 17

Multiple Choice

A paid tax return preparer is allowed to have:

• A) An indirect financial interest in a client, but not a direct financial interest
• B) A direct financial interest in a client, but not an indirect financial interest
• C) Both direct and indirect financial interests in a client, as long as the interests are not material
• D) Both direct and indirect financial interests in a client, even if these interests are material

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Definitions:

Trachea

The windpipe, a large airway that leads air in and out of the lungs.

Aspiration

Aspiration can refer to the act of drawing breath, but also to the inhalation of food or liquid into the lungs, or a strong desire for achievement.

Pertussis

A highly contagious bacterial infection of the respiratory system, commonly known as whooping cough.

Whooping Cough

An infectious bacterial disease that causes uncontrollable, violent coughing which can make it hard to breathe; also known as pertussis.