Which of the Following Statements Is True of the Tax

Multiple Choice

Which of the following statements is true of the Tax Reform Act of 1976?

A) It imposes fines and imprisonment for an individual for aiding and assisting in the preparation of a False tax return.
B) An accountant who negligently understates a client's tax liability can be imprisoned under this act.
C) It provides for both criminal and civil penalties for securities fraud.
D) It makes it a criminal offense for any person who willfully makes any False statements in a registration statement.