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Jacks client told him that he had additional income for a side job but did not report the income. Jack chose not to report it
Jacks client told him that he had additional income for a side job but did not report the income. Jack chose not to report it since he didnt have any documentation or proof of the income. As a result, the client paid less tax. If the IRS audits the client, they can assess what penalty to Jack as a preparer?
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