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Review the Form 4549 , focusing on the penalties and interest assessed. Recalculate the amount of penalty and interest and discuss whether you agree with

Review the Form 4549 , focusing on the penalties and interest assessed.

Recalculate the amount of penalty and interest and discuss whether you agree with the amounts on the Form 4549.

The IRS agent also assessed a preparer penalty against you as the preparer of the return. Is this proper? If not, explain the basis for your argument against it. If you agree with the penalty, what could you have done differently to avoid the penalty?

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