Which,if any,of the following could result in penalties against an income tax return preparer? I.Knowing or reckless disclosure or use of tax information obtained in preparing a return.
A)I only
B)II only
C)neither I nor II
D)both I and II

Question

Which,if any,of the following could result in penalties against an income tax return preparer? I.Knowing or reckless disclosure or use of tax information obtained in preparing a return. 
A)I only 
B)II only 
C)neither I nor II 
D)both I and II

Quizplus · Accepted Answer

Both I and II could result in penalties against an income tax return preparer. Disclosure or use of tax information obtained in preparing a return is prohibited by law, and failure to comply with this provision can result in civil and criminal penalties. Additionally, failing to exercise due diligence in preparing a return can also result in penalties.

Which,if Any,of the Following Could Result in Penalties Against an Income