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47. Karen engaged Joe, a CPA, to prepare her tax return. Karen received a refund check of $300 from the IRS. She endorsed the check

47. Karen engaged Joe, a CPA, to prepare her tax return. Karen received a refund check of $300 from the IRS. She endorsed the check and mailed it to Joe as payment for the preparation of her return. Joe took the check to his bank and deposited the amount in his bank account. Describe the possible consequences of this situation

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