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Tax return preparers can be subject to penalties under the Internal Revenue Code for failure to do any of the following, except
A. Provide a client with a copy of the tax return.
B. Keep a record of returns prepared.
C. Disclose a conflict of interest.
D. Sign a tax return as a preparer.

Sagot :

Failure to do any of the following can result in fines for tax return preparers under the Internal Revenue Code, with the exception of

C. Disclose a conflict of interest.

What is tax return?

The completion of a tax return is the documentation that determines the amount of revenue made by an entity or individual and the taxes that must be paid to the government or governmental organizations, or maybe the taxpayer.

Taxation is one of the main ways that the government makes money. A share of total tax revenue is made up of both direct and indirect taxes. Tax revenue is the money the government receives from levies on things like earnings, profits, goods and services, land revenue, property ownership and transfers, and other taxes. The total amount of tax revenue expressed as a % of GDP demonstrates the portion of national output that is taken in by the government through taxation.

To learn more about tax return, visit:

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