Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

Exercise 45

Discuss which penalties, if any, the tax adviser might be charged with in each of the following independent circumstances. In this regard, assume that the tax adviser:
a. Provided information about the taxpayer's federal income tax returns to the pertinent state income tax agency.
b. Provided information about the taxpayer's federal income tax returns to the pertinent county's property tax agency.
c. Provided information about the taxpayer's federal income tax returns to the FBI, which was interested in gathering evidence concerning the client's alleged drug-dealing activities.
d. Suggested to the client various means by which to acquire excludible income.
e. Suggested to the client various means by which to conceal cash receipts from gross income.
f. Suggested to the client means by which to improve her cash flow by delaying for six months or more the deposit of the employees' share of federal employment taxes.
g. Suggested to the client means by which to improve her cash flow by delaying for six months or more the deposit of the employer's share of federal employment taxes.
h. Kept in his safe deposit box the cash receipts referred to in item e.