How Does the IRS Regulate the Activities of Compensated Tax

question 86

Essay

How does the IRS regulate the activities of compensated tax return preparers? In particular, list six acts that will cause a compensated tax return preparer to incur a penalty.

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Definitions:

Centralized Storage

A data storage system where files and data are stored on a single central server, facilitating data management and access.

Server

A computer or system that provides resources, data, services, or programs to other computers, known as clients, over a network.

User Name

A unique identifier chosen by or assigned to a user for the purpose of accessing computer systems, websites, or applications.

Administrative Code

A set of rules and regulations promulgated by governmental administrative agencies to guide the implementation and enforcement of the laws passed by the legislature.