Question 7 of 30 It is not necessary for a tax professional

Question 7 of 30 It is not necessary for a tax professional to advise the client concerning potential penalties likely to apply to a tax return and how to avoid the penalties O A) True O B) False

Solution

As per policy, one question at a time is allowed to be asked and answered, so answering Question 7 of 30 :

Answer 7 of 30 :

False, it is always essential and necessary for a professional tax report preparer to well intimate and make understand the all the potential applicable penalties on the Tax-return and what steps the client has to take to avoid them because the client, who do not have any knowledge of the Tax laws and its rules and regulations, has appointed you to perform the function of Tax return filling.

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