What is the amount of the prepares penalty for understating of tax liability (willful or reckless)?

$250 per violation up to a maximum of $25,500 per tax preparer.

$500 per violation with no limit per parpaer

. $1000 or 50% of the income the tax preparer receives with respect to the return whichever is greater.

$5000 or 50% of the income the tax preparer receives with respect to the return whichever is greater