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Travis, who is a paid preparer, intentionally understated a clients tax liability in the 2021 tax year. Note that Traviss clients see him as a
Travis, who is a paid preparer, intentionally understated a clients tax liability in the 2021 tax year. Note that Traviss clients see him as a good tax preparer and would refer him to others. In this scenario, what is the paid preparers penalty for an understatement of a taxpayers tax liability due to willful or reckless conduct?
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