Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8. A tax return preparer may disclose information obtained from the taxpayer without being subject to civil and criminal penalty if such disclosure is: 2.

image text in transcribed
8. A tax return preparer may disclose information obtained from the taxpayer without being subject to civil and criminal penalty if such disclosure is: 2. for other than the specific purpose of preparing a tax return b. pursuant to fulfillment of his own financial goals o pursuant to any provisions of the code, or to a court order d. required for the growth of his profession le that web portare or the deli tamente ble pehalte 40. Joanne filed her unextended 2020 tax return on September 14,2021, paying the $5,000 amount due at that time. Joanne has no reasonable cause for failing to file the return by April 15 or for failing to pay the tax that was due on April 15, 2021. Compute the failure-to-file penalty. a $250 b. SI 250 c. $1,125 d. $1,000 Helited October 15, 2011 wat punod o ime will al his return on November 30 and pe 51,000 -onload file topor mais Mano et the above -2. William, a taxpayer, timely mailed his tax return. However, it was returned for insufficient postage. IRS imposed 1 penalty. Can William claim waiver of penalty? a. Yes, William can claim waiver of penalty since it is his first tax retum. b. Yes, William can claim waiver since the failure to file tax return is due to a reasonable cause. c. No, William cannot claim waiver since it is a case of willful neglect. d. No, William cannot claim waiver of penalty as he is a delinquent taxpayer. FIRS prontimer engage Learning. Powered by Cognero

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Managerial Accounting The Basis For Business Decisions

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

19th Edition

1260247937, 978-1260247930

More Books

Students also viewed these Accounting questions

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago