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Question
Brown, a CPA, helped Cook organize a partnership that was actually an abusive tax shelter. Brown induced clients to participate by making false statements concerning the eligibility of deductions and tax credits. As a result of these activities, Cook derived $100,000 gross income and Brown derived $50,000 gross income. According to federal tax law, what is Brown's penalty for promoting this abusive tax shelter?
A. $100,000
B. $10,000
C. $1,000
D. $50,000
Answer
This answer is hidden. It contains 236 characters.
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