Preparer Rules: IRC §6694, §6695 and AICPA SSTSs

Free CPA REG (Taxation & Regulation) lesson in Ethics, Professional Responsibilities and Federal Tax Procedures. 17 min read, ~2,551 words.

A tax return preparer under §7701(a)(36) is anyone who prepares for compensation all or a substantial portion of a return, signing or non-signing; clerical data-entry-only staff are excluded. §6694(a) penalty for an undisclosed position lacking substantial authority is the greater of \$1,000 or 50% of fee income from the position...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• I.A2

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