Question

the deminimis tule foe mon signingprepsrers says tgat a portion of the return will not be considered substantial if the schedule entry or other portion of the return or claim for refund invokves amounts of gross oncome amounts of deductions or amounts on the basis of which the credits are determined that are

Answer 1

The rule for non signing prepare says that a portion of the return will not be considered substantial if the schedule entry or other portion of the return or claim for refund invoke amounts of gross income amounts of deductions or amounts on the basis of which the credits are determined that are

(1) Less than $10,000; or

(2) Less than $400,000 and also less than 20 percent of the gross income as shown on the return or claim for refund (or, for an individual, the individual's adjusted gross income).