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Which statement is not correct regarding IRC Section 6694 preparer penalty provisions? O Penalties may lead to an investigation by the IRS Office of Professional
Which statement is not correct regarding IRC Section 6694 preparer penalty provisions?
O Penalties may lead to an investigation by the IRS Office of Professional Responsibility.
O Penalties can be assessed on a practitioner when a disclosed tax position lacks a reasonable basis.
O Penalties can range from $50 to $200 if misconduct is found.
O Penalties may apply to the practitioner when the client's tax liability is understated.
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