The maximum penalty per tax preparer per year for failure to

The maximum penalty per tax preparer per year for failure to comply with EITC due diligence is: A. $5,000, B. $10,000. C. $25,000, D. $510 per violation with no limit preparer for the 2017 calendar year. This penalty is subject to an annual cost-of-living adjustment

Solution

Solution:

The maximum penalty per tax preparer per year for failure to comply with EITC due diligence is $510 per violation with no limit preparer for the 2017 calendar year.

Hence option D is correct.