What is the penalty for a tax return preparer who lacks substantial authority to take a return position?
A)$50
B)$250
C)$1,000
D)20% of the understatement

Name: What is the penalty for a tax return preparer who lacks substantial authority to take a return position? A)$50 B)$250 C)$1,000 D)20% of the understatement
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The penalty for a tax return preparer who lacks substantial authority to take a return position is $1,000.

What Is the Penalty for a Tax Return Preparer Who