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:

LMX Theory

Stands for Leader-Member Exchange Theory, suggesting that leaders develop unique one-to-one relationships with each of the people reporting to them.

High-Exchange Relationship

A type of relationship between leader and follower characterized by high levels of trust, respect, and mutual obligation.

Dual Roles

Situation where an individual or entity is expected to perform two distinct sets of obligations or functions, often simultaneously.

Role Identities

The attitudes, behaviors, and conceptions about oneself associated with a particular social role.