A Tax Preparer Can Incur a Penalty If the Client's

question 147

Short Answer

A tax preparer can incur a penalty if the client's return includes an unreasonable or ___________________ tax return position that understates the tax liability.

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Definitions:

Trust Level

The degree of confidence and belief in the reliability, integrity, and ability of a person or system.

Readability

The ease with which a reader can understand or interpret a written text.

Collaborative Writing

The practice of multiple individuals working together to produce a single document or textual output.

Sandboxes

Virtual spaces used to test new software or coding independently from other systems to avoid affecting production environments.