What is the penalty amount for a Preparer who files an incorrect return?

The penalty for a preparer who files an incorrect return is set at $1,000 per violation, which reflects the seriousness of the responsibility that tax preparers hold in ensuring the accuracy of the returns they submit on behalf of their clients. This penalty is meant to deter careless or fraudulent behavior by tax preparers and to encourage them to provide accurate and compliant tax services. The regulatory framework emphasizes the need for diligence and reflects the potential impact of inaccuracies on taxpayers and the broader tax system.

Other options represent different amounts, but the established penalty for this specific violation is clearly defined as $1,000, reinforcing the importance of compliance and accountability in tax preparation practices.