AdvancedSlide lesson14 min
IRC §6694 preparer penalties
Understatement due to unreasonable position ($1,000 or 50% of income) vs. willful/reckless ($5,000 or 75%).
Last reviewed: July 2026 · Tax year 2026 (post-OBBBA)
Understatement due to unreasonable position ($1,000 or 50% of income) vs. willful/reckless ($5,000 or 75%).
Last reviewed: July 2026 · Tax year 2026 (post-OBBBA)