This chart summarizes various federal penalties that the IRS may assess against an individual or a firm meeting the definition of a tax return preparer as defined under Sec. 7701(a)(36) / Regs. Sec. 301.7701-15 and Sec. 7216 / Regs. Sec. 301.7216-1. Although comprehensive, this list is not all-inclusive and has been developed to help tax practitioners understand potential penalty exposure and ways to have any penalty assessment abated.
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Federal Tax Return Preparer Penalties Quick Reference Chart
Jul 01, 2019 · 246.3 KB Download
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