Question
It is determined that XYZ Tax Preparation Service failed to furnish copies of tax returns to 1,000 of its clients. The maximum penalty that XYZ
It is determined that XYZ Tax Preparation Service failed to furnish copies of tax returns to 1,000 of its clients. The maximum penalty that XYZ will be subject to for this violation of Code section 6695(a) is
A. $0 B. $50 C. $27,000 D. $50,000
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Survey of Accounting
Authors: Edmonds, old, Mcnair, Tsay
2nd edition
9780077392659, 978-0-07-73417, 77392655, 0-07-734177-5, 73379557, 978-0073379555
