Which, if any, of the following could result in penalties against an income tax return preparer? I. Knowing or reckless disclosure or use of tax information obtained in preparing a return.
II) A willful attempt to understate any client's tax liability on a return or claim for a refund.
A)I only
B)II only
C)neither I nor II
D)both I and II

Question

Quizplus · Accepted Answer

Both knowing or reckless disclosure or use of tax information obtained in preparing a return and a willful attempt to understate any client's tax liability on a return or claim for a refund can result in penalties against an income tax return preparer.

Which, If Any, of the Following Could Result in Penalties