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Question 1 1 pts You have a new tax client, and you are reviewing your new client's tax return for last year. You notice
Question 1 1 pts You have a new tax client, and you are reviewing your new client's tax return for last year. You notice several mistakes on the tax return. If the mistakes were correctly, your client would owe an additional $1,500 in income tax. Ethically, according to US Treasury Department Circular No. 230, you should: Advise your client of the errors, and the consequences of the mistakes. File an amended tax return for your client, correcting the mistakes. Ignore the mistakes. Promptly notify the IRS of the mistakes on the filed tax return. Question 2 1 pts You are a paid tax preparer. Your client is eligible for, and claims the Earned Income Tax Credit, and the Additional Child Tax Credit. Ethically,: The IRS mandates that you can not ask your client any questions to determine if your client is eligible for the Earned Income Tax Credit and the Additional Child Tax Credit.
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