Yin-Li is the preparer of the Form 1120 for Cloves Corporation.On the return, Cloves claimed a deduction that the IRS later disallowed on audit.Compute the tax preparer penalty that could be assessed against Yin-Li in each of the following independent situations.

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The Answer of Yin-Li is the preparer of the Form 1120 for Cloves Corporation.On the return, Cloves claimed a deduction that the IRS later disallowed on audit.Compute the tax preparer penalty that could be assessed against Yin-Li in each of the following independent situations.

Yin-Li Is the Preparer of the Form 1120 for Cloves