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Peter, a tax return preparer, was found to have taken an unreasonable position with respect to a client s prepared tax return that understated the
Peter, a tax return preparer, was found to have taken an unreasonable position with respect to a clients prepared tax return that understated the taxpayers tax liability, and the preparer should have known it was unreasonable. If the preparers conduct was considered willful or reckless, for what minimum penalty, if any, would he be liable?
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