Question 44 of 50.

While preparing a 2020 return for a taxpayer, Tyreek, a paid preparer, determined that the taxpayer had omitted certain items of income when they filed their prior-year return. Choose the response that correctly completes the next sentence describing how Tyreek should handle this situation. He should advise the taxpayer promptly of the fact of such omission and:

Advise them of the consequences of not amending the previous year's return.

Make an adjustment for the previous year's omission on the current-year return.

Refer the taxpayer to his supervisor.

Refuse to prepare the current-year return until the prior-year return is amended.