In 2023, the failure to meet due diligence requirements by a paid tax preparer in...

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Accounting

In 2023, the failure to meet due diligence requirements by a paid tax preparer in determining the taxpayer's eligibility for the Earned Income Credit (EITC), the Child Tax Credit (CTC)/Additional Child Tax Credit (ACTC), and/or the American Opportunity Tax Credit (AOTC) could result in a penalty of what amount? A. $100 for each failure B. $250 for each failure C. $600 for each failure D. $650 for each failure

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