Marco is an accountant who prepares his clients' tax returns. Nell is not an accountant, but she also prepares tax returns for clients. Under the Internal Revenue Code, liability for preparing a false return may be imposed on

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The Internal Revenue Code does not limit liability for preparing a false return to licensed accountants. Both professionals and non-professionals who prepare tax returns for clients can be held liable if they prepare false returns, hence both Marco and Nell could be held liable.

Marco Is an Accountant Who Prepares His Clients' Tax Returns