Find what penalty would a tax preparer face

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Problem 1: Find what penalty would a tax preparer face who failed to report all of his client's income by taking an unreasonable position? The preparer charged $500 for the tax preparation.

Option 1: $250

Option 2: $1,000

Option 3: $1,250

Option 4: $5,250

Reference no: EM132677925

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