Lacy is an accountant who prepares her clients' tax returns.Muff is not an accountant,but he also prepares tax returns for clients.Under the In?ternal Revenue Code,liability for preparing a false return may be im?posed on

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Both Lacy and Muff can be held liable for preparing a false tax return under the Internal Revenue Code. The code does not specifically require that the person preparing the return be a licensed accountant in order to be held responsible for any misrepresentation or errors on the return. As long as they are involved in preparing the return, they can be held accountable for any false information or mistakes.

Lacy Is an Accountant Who Prepares Her Clients' Tax Returns