Failure to meet the 2019 due diligence requirements for EITC, AOTC, HOH, and CTC/ACTC/ODC claimed on one return could result in which of the following?

Maximum penalty of $530, per return, assessed against the paid tax preparer.

Maximum penalty of $530, per return, assessed against the taxpayer.

Maximum penalty of $2,120, per return, assessed against the paid tax preparer.

Maximum penalty of $2,120, per return, assessed against the taxpayer.