23. For each of the following situations, indicate the nature and amount of the penalty that could be imposed. (The penalties include both tax practitioner penalties and taxpayer penalties).

Description of the Penalty Penalty Amount

a.Drew writes a check for $300 in payment of his income taxes.

Drew knows he does not have sufficient funds in his account to cover the check. ----------------------------------- --------------------

b. Enrique has a $10,000 tax deficiency on his 2015 tax return due to civil fraud. ----------------------------------- --------------------

c. Vladimir prepares a tax return for Oscar but does not keep a copy of the tax return. ----------------------------------- -------------------

d. Priscilla, a self-employed accountant, prepares a tax return for Billy.

She signs the return but does not include her preparer tax identification

number on the tax return as required. ----------------------------------- -------------------

24. Indicate in the blank space the date the statute of limitations would run out on each of the following individual tax returns.

a. A 2015 tax return filed on April 15, 2016 which omitted $20,000 of income. The total gross income shown on the tax return was $40,000

b. A 2015 tax return filed April 15, 2016 which contained a large bad debt deduction

c. A 2000 tax return that was never filed (but should have been filed)

d. A 2015 tax return filed on April 15, 2016

e. A fraudulent 2015 tax return filed April 15, 2016