Silva prepares federal corporate income tax returns for Trade Stores Inc., and other firms. Under the Internal Revenue Code, with respect to an understatement of a client's tax liability, Silva may be liable for

A) negligent or willful misconduct.
B) none of the choices.
C) only negligent misconduct.
D) only willful misconduct.

Negligent Misconduct

Conduct that falls below the established standard of care, demonstrating a disregard for the safety or rights of others.

Willful Misconduct

Intentional or deliberate wrongdoing, especially by an employee or official, that is performed with disregard for the consequences.

Internal Revenue Code

A comprehensive set of tax laws established by the United States federal government that governs federal tax obligations.