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0.8 Christie is the preparer of the Form 1120 for Yostern Corporation. On the return, Yostern claimed a deduction that the IRS later disallowed on

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0.8 Christie is the preparer of the Form 1120 for Yostern Corporation. On the return, Yostern claimed a deduction that the IRS later disallowed on audit. mpute the tax preparer penalty that could be assessed against Christie in each of e following independent situations Form 8275 Disclosure on the Return of the Disputed Deduction? No No No Yes Yes Tax Reduction Resulting from the Deduction Probability That the Courts Would Approve the Deduction Christie's Fee to Complete Yostern's Return $40,000 40,000 40,000 40,000 40,000 65% 35 35 35 15 $7,000 7,000 1,500 7,000 4,000

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