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Will, a CPA, was paid $3,200 for preparing Mallory's tax return. The IRS later determined that Will took an unreasonable position on the return and
Will, a CPA, was paid $3,200 for preparing Mallory's tax return. The IRS later determined that Will took an unreasonable position on the return and assessed additional tax and penalties of $3,100. Will did not willfully attempt to understate Mallory's tax liability. What amount of tax preparer penalty is he subject to?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
