If a tax preparer fails to perform due diligence for a return filed in 2022 and all of these benefits were claimed, the EIC, CTC/ACTC/ODC, AOTC, and head of household, the total penalty for that return is? $540 $545 $2,180 $3,270.
If a tax preparer fails to perform due diligence for a return filed in 2022 and all of these benefits were claimed, the EIC, CTC/ACTC/ODC, AOTC, and head of household, the total penalty for that return is? $540 $545 $2,180 $3,270.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If a tax preparer fails to perform due diligence for a return filed in 2022 and all of these benefits were claimed, the EIC, CTC/ACTC/ODC, AOTC, and head of household, the total penalty for that return is?
- $540
- $545
- $2,180
- $3,270.
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