What must a tax preparer do if an IRS examiner assesses a penalty for aiding and abetting an understatement under IRC §6700 or an abusive tax shelter (IRC §6701)?
a) They are required to make the full payment of the penalty immediately.
b) They are allowed 30 days to make a payment of the penalty.
c) They are required to make at least a partial payment of the penalty at the time of assessment.
d) They are immediately suspended from practice.