Which of the following statements is false regarding tax return preparers?

A. Only a person who signs a return as the preparer may be considered the preparer of the return.
B. Unpaid preparers, such as volunteers who assist low-income individuals, are not considered to be preparers for purposes of preparer penalties.
C. An employee who prepares the return of his or her employer does not meet the definition of a tax preparer.
D. The preparation of a substantial portion of a return for compensation is treated as the preparation of that return.

Answer: A. Only a person who signs a return as the preparer may be considered the preparer of the return.

Business

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