What question did this study set out to answer?

This article aims to clarify the rules surrounding penalties for tax preparers and identify areas of conflict.

New Preparer Rules: More Or Less Penalty?

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Article reviews the implications of IRS rulings on tax preparer penalties, highlighting uncertainties and conflicts.

This article aims to clarify the rules surrounding penalties for tax preparers and identify areas of conflict.
Review of Section 6694 and IRS rulings from 1980 and 1981.
Analysis of the impact of these rulings on error materiality and frequency.
Examination of IRS requirements related to tax issue research and documentation.
New rulings expand penalty boundaries for preparers based on error materiality.
Significant conflict identified between statutory law and existing Statements on Responsibilities in Tax Practice.
Increased scrutiny of preparer documentation and disclosure requirements.

Schnee et al. (1982) studied this question.

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