If any part of any understatement of liability as to a return or claim for refund is due to a willful attempt to understate the liability, the preparer could be subject to a "per return" penalty of:
A) $250
B) $1,000
C) $5,000
D) $10,000

Question

Quizplus · Accepted Answer

The preparer could be subject to a "per return" penalty of $5,000 if any part of any understatement of liability as to a return or claim for refund is due to a willful attempt to understate the liability.

If Any Part of Any Understatement of Liability as to a Return