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Penalties for Income Tax Return Preparers. The law imposes several penalties on the income tax return preparer for various acts and omissions. Describe five such
Penalties for Income Tax Return Preparers. The law imposes several penalties on the income tax return preparer for various acts and omissions. Describe five such acts or omissions and the related penalties. For each one, discuss the purpose for the rule and give reasons why (or why not) the purpose is an important one in tax practice. Generally, discuss why there are so many rules pertaining to the income tax return preparer
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