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:

Increases Pain

The worsening or intensification of pain sensations in the body.

Virtual Reality Games

Interactive games played in a simulated environment that can be similar to or completely different from the real world, experienced through VR headsets.

Burn Victims

Individuals who have suffered injuries caused by heat, chemicals, electricity, sunlight, or radiation, often requiring specialized medical treatment.

Reduced Levels

A general term indicating a decrease in quantity, intensity, or magnitude of a certain object, substance, or activity.