Which of the following is considered a tax preparer under the tax preparer regulations?

A. An individual who prepares a return for a friend, free of charge, and then receives a gift of gratitude from the friend.
B. An individual who prepares a return for his or her employer if (s)he is regularly and continuously employed by the employer.
C. An individual who prepares, as a fiduciary, a return or claim for refund for any person.
D. Someone who employs another person to prepare, for compensation, a substantial portion of any return of tax under the income tax provisions of the Code.

Answer: D. Someone who employs another person to prepare, for compensation, a substantial portion of any return of tax under the income tax provisions of the Code.

Business

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