Question 58 of 85. Joshua and Donna were married. Mya has been their tax preparer for many years. During a meeting with Mya, they disclosed they recently divorced. Mya explained to both of them that a conflict of interest has arisen in their case. They decided to waive the conflict, and both signed separate waivers to continue with Mya as their tax preparer. What is the minimum amount of time that Mya is required to retain the waivers? 36 days from the conclusion of service. 36 weeks from the conclusion of service. 36 months from the conclusion of service. Four years from the conclusion of service. Mark for follow up Question 59 of 85. Ross filed a tax return for Allie. During the interview conducted by Ross, Allie stated that she had made a charitable contribution of artwork in the amount of $20,000 during the tax year, when in fact she had not made this charitable contribution. Ross did not inquire about the existence of a qualified appraisal or complete a Form 8283 , Noncash Charitable Contributions. Ross reported the deduction on the return, signed the return as the paid preparer, and charged $500 for the tax preparation. The IRS audited the client and Ross will face a penalty for understatement of a taxpayer's tax liability. What is the penalty? $250 $500 $1,000 $5,000 Mark for follow up