Beck is an accountant who prepares her clients' tax returns. Cole is not an accountant, but he also prepares tax returns for clients. Under the Internal Revenue Code, liability for preparing a false return may be imposed on

Question

Beck is an accountant who prepares her clients' tax returns. Cole is not an accountant, but he also prepares tax returns for clients. Under the Internal Revenue Code, liability for preparing a false return may be imposed on​

Quizplus · Accepted Answer

Both Beck and Cole may be liable for preparing a false tax return under the Internal Revenue Code. The code applies to anyone who aids or assists in the preparation of a false return, not just certified accountants. As both individuals prepare tax returns for clients, they could be held responsible if the return contains false information.

Beck Is an Accountant Who Prepares Her Clients' Tax Returns