If a tax preparer fails to comply with the due diligence requirements, the IRS can assess...
If a tax preparer fails to comply with the due diligence requirements, the IRS can assess a penalty against the tax preparer and the employer for each failure. What is the penalty amount for each failure? . $510. , $2,120.
Homework Answers
Correct answer is $500.
When a tax preparer fails to comply with the due diligence requirements, the IRS can assess a penalty against the tax preparer and the employer for each failure for an amount of $500.
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If a tax preparer fails to comply with the due diligence
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