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:

Final Number

The conclusive or ultimate figure that results from a series of calculations, measurements, or operations.

Customers

Individuals or entities that purchase goods or services produced by a business.

Lot Size

The number of units of product, shares, or other securities traded or manufactured in a single transaction or production run.

Inventory Level

The quantity of goods or materials on hand at a particular time within a business.