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| A tax preparer has advised a company to take a position on its tax return. The tax preparer believes that there is a 75% possibility that the position will be sustained if audited by the IRS. If the position is not sustained, an accuracy-related penalty and a late-payment penalty would apply. What is the tax preparer’s responsibility regarding disclosure of the penalty to the company? A. The tax preparer is responsible for disclosing only the late-payment penalty to the company. B. The tax preparer is responsible for disclosing only the accuracy-related penalty to the company. C. The tax preparer has no D. The tax preparer is responsible for disclosing both penalties to the company. |