ARE. Fed Taxes- Tax Preparers'Responsibility

Question 0

True or false?

A CPA may disclose an error to the IRS even if the client refuses to give permission to do so

Answer 0

False

The CPA should consider withdrawal

Question 1

True or false?

A tax preparer must also audit the clients information.

Answer 1

False

Question 2

True or false?

Tax prepares are subject to both civil and criminal penalties

Answer 2

True

Question 3

What is the penalty for failure to file a tax return timely?

Answer 3

5% per month, up to 25%

Question 4

True or false?

Treasury Department regulations have the same force and effect as the Internal Revenue Code (IRC)

Answer 4

True

Question 5

What types of cases do tax courts here?

Answer 5

Cases before any assessed taxes have been paid

if taxes have been paid, cases go to district or claims court

Question 6

What is the statute of limitations for a fraudulent return?

Answer 6

There is no statute of limitations

Question 7

What is the filing date of an individual’s tax return?

What is the extended due date?

Answer 7

April 15

Automatically extended to August 15, if requested