Asked by J
How does a tax preparer's high ethical standards protect taxpayers?
It guarantees their returns will not be questioned by the IRS.
It promises they will be free from IRS penalties.
It eliminates the need for preparer due diligence notes.
It provides taxpayers with an accurate return, including all tax benefits to which they are entitled.
Mark for follow up
It guarantees their returns will not be questioned by the IRS.
It promises they will be free from IRS penalties.
It eliminates the need for preparer due diligence notes.
It provides taxpayers with an accurate return, including all tax benefits to which they are entitled.
Mark for follow up
Answers
There are no human answers yet.
Answered by
GPT-5 mini
Correct answer: "It provides taxpayers with an accurate return, including all tax benefits to which they are entitled."
Explanation: High ethical standards mean the preparer will prepare honest, complete, and compliant returns — claiming proper deductions and credits and avoiding errors or fraudulent positions. Ethics do not guarantee the IRS won't question a return or that there will be no penalties, nor do they remove the preparer's obligation to document due diligence where required.
Explanation: High ethical standards mean the preparer will prepare honest, complete, and compliant returns — claiming proper deductions and credits and avoiding errors or fraudulent positions. Ethics do not guarantee the IRS won't question a return or that there will be no penalties, nor do they remove the preparer's obligation to document due diligence where required.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.