Which of the Following Is Subject to Tax Return Preparer

question 17

Multiple Choice

Which of the following is subject to tax return preparer penalties?

• A)Lizzie, the firm's administrative assistant, makes copies of returns and assembles the mailings that the client must make to the taxing agencies.
• B)Meredith is the director of Federal taxes for a C corporation.
• C)Sammy is a volunteer who prepares returns at the retirement home under the IRS Tax Counseling for the Elderly program.
• D)Abbie prepares her mother's tax returns for $50 a year.A CPA, Abbie would charge a client $750 for completing a similar return.

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Definitions:

Real Estate Broker

A licensed professional who arranges real estate transactions, acting as an intermediary between buyers and sellers.

Purportedly

Refers to something claimed to be true or to have happened, often without proof.

Nonpayment

The failure to fulfill a financial obligation or to settle a debt within the stipulated time.

Indemnified

Protected against loss or damage; legally exempted from liability for harm or loss.