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Question 96 ?of 100.Paut has a package delivery service. Upon reviewing Paul's prior-year returns, the...

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Accounting

Question 96 ?of 100.
Paut has a package delivery service. Upon reviewing Paul's prior-year returns, the tax preparer realizes that Paul incorrectly deducted the cost of parking tickets for illegally parked delivery vans for the last two years. The ethical sta
Do nothing and wait for the IRS to find the mistake.
Explain to Paul that the deduction is disallowed and could lead to penatties, and encourage him to amend prior-year returns.
Refuse to assist with any other tax preparation to avoid being charged with fraud.
Reduce his current-year business expenses by the amount of the incorrect prior-year deductions.
Mark for folld rup
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