A memo from the Internal Revenue Service's Large and Mid-Sized Business Division introduces new LMSB Procedures for tax return preparer penalty cases.

The Small Business and Work Opportunity Tax Act of 2007 broadened the definition of a tax return preparer to include any person that has prepared a substantial portion of any tax return or claim for refund. The law change will greatly expand the number of practitioners subject to consideration of return preparer penalties, said the IRS.

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