This chart summarizes various federal penalties that the IRS may assess against an individual or a firm meeting the definition of a tax return preparer as defined under Sec. 7701(a)(36) / Regs. Sec. 301.7701-15 and Sec. 7216 / Regs. Sec. 301.7216-1. Although comprehensive, this list is not all-inclusive and has been developed to help tax practitioners understand potential penalty exposure and ways to have any penalty assessment abated.
Federal Tax Return Preparer Penalties Quick Reference Chart
Jul 01, 2019 · 246.3 KB Download
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