Miriam Kelsey is a new tax preparer who needs to obtain a Preparer Tax Identification...
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Miriam Kelsey is a new tax preparer who needs to obtain a Preparer Tax Identification Number PTIN which her manager explains will help prevent potential privacy issues for her in her role as a preparer. Having a PTIN is an important requirement for tax preparers as it helps to ensure the accuracy of tax returns and protects the privacy of taxpayers. However, not all situations can be avoided by using a PTIN. Therefore, which of the following situations is incorrectly listed as one that can be prevented by using a PTINa Theft of the paid preparers Social Security number. b Fraud involving the use of the paid preparers Social Security number. c Invasion of the preparers privacy. d An IRS understatement penalty.
Miriam Kelsey is a new tax preparer who needs to obtain a Preparer Tax Identification Number PTIN
which her manager explains will help prevent potential privacy issues for her in her role as a preparer. Having a PTIN
is an important requirement for tax preparers as it helps to ensure the accuracy of tax returns and protects the privacy
of taxpayers. However, not all situations can be avoided by using a PTIN. Therefore, which of the following situations
is incorrectly listed as one that can be prevented by using a PTINa Theft of the paid preparers Social Security number.
b Fraud involving the use of the paid preparers Social Security number.
c Invasion of the preparers privacy.
d An IRS understatement penalty.
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