The ________ Act of 1976 specifically imposes penalties and fines for the willful understatement of a client's tax liability.
A) Tax Reform
B) Racketeer Influenced and Corrupt Organizations
C) Private Taxation Litigation Reform
D) Uniform Securities

Question

Quizplus · Accepted Answer

The Tax Reform Act of 1976 specifically addresses the willful understatement of a client's tax liability and imposes penalties and fines for such actions. The other acts listed do not pertain to taxation issues.

The ________ Act of 1976 Specifically Imposes Penalties and Fines