What penalty amount would a tax preparer face

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Problem 1: What penalty amount would a tax preparer face who failed to report all of his client's income (intentional disregard of rules)? The preparer charged $1,000 for the tax preparation.

Option 1: $500

Option 2: $1,000

Option 3: $5,000

Option 4: $5,500

Reference no: EM132677921

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