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ACCT 346Research Exercise 01a: Professional StandardsVan HuynhDocument ReferenceQuestionsYour AnswersU.S. Tax Code On-Line1. What constitutes an “income tax return preparer” under IRC §7701?2. Per IRC §6060, what information must the IRS have for every preparer?3. Per IRC §6694, how can a preparer who takes a non-frivolous position on a return that does not have a realistic possibility of being sustained, avoid the $250 (now $1,000) penalty?