If the CPA Negligently Failed to Properly Prepare and File

question 62

Multiple Choice

If the CPA negligently failed to properly prepare and file a client's tax return, the CPA may be liable for

• A) the penalties the client owes the IRS.
• B) the penalties and interest the client owes.
• C) the penalties and interest the client owes, plus the tax preparation fee the CPA charged.
• D) the penalties and interest, the tax preparation fee, and the amount of tax that was underpaid.

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Definitions:

Physiological Need

a basic bodily requirement that humans need to survive, like food, water, and shelter.

Homeostasis

The self-regulating process by which biological systems maintain stability while adjusting to changing external conditions.

Hungry Person

An individual experiencing the physical sensation of needing or wanting food, which may affect their mood and behavior.

Dehydration

A condition resulting from excessive loss of body water, impairing normal bodily functions.