you can receive a contingent fee for preparing a tax return based on the size of the 612846

You can receive a contingent fee for preparing a tax return based on the size of the client”s refund. True or false?

True. Incorrect. Tax preparation is not a situation in which a contingent fee can be charged.

False. Correct. A contingent fee cannot be charged for tax return preparation. A contingent fee can be charged only in certain limited situations, including services in connection with an examination of an original or amended return, services rendered in connection the determination of statutory interest or penalties, or services rendered in connection with a judicial proceeding arising under the Internal Revenue Code.