Paid tax preparers must comply with all of the following EXCEPT:
A)Sign all tax returns they prepare.
B)Comply with the provisions of Circular 230.
C)Charge a contingent fee.
D)Pass a competency examination.

Question

Quizplus · Accepted Answer

Paid tax preparers must sign all tax returns they prepare, comply with provisions of Circular 230, and pass a competency examination. However, they cannot charge a contingent fee, which is a fee that is based on a percentage of the refund. This is not allowed by the IRS as it can create a conflict of interest between the preparer and the taxpayer.

Paid Tax Preparers Must Comply with All of the Following