A web user asks, For example, let’s say an accounting firm has been wrongly doing calculating something for several years before learning of their mistake. Does the Internal Revenue Code or any Circular require a tax preparer to report the mistakes to the IRS? If so, is there a penalty for failing to disclose the mistakes once the tax preparer gains knowledge of the error?

If possible, could you please specify exactly where this rule can be found?

Can you help them out? Post your advice!

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