# Enrolled Agent Exam [Part 3] 34, Other Return Preparer Penalties Under Section 6695

Page: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-3-34-other-return-preparer-penalties-under-section-6695
Text version: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-3-34-other-return-preparer-penalties-under-section-6695.md
Podcast: [Finance Exam Prep](https://stenobird.com/podcast/finance-exam-prep-7658413)
Published: 2026-09-08T22:41:20+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/16a0f9a2-6d2d-4f16-9f16-d71a0de99230.mp3
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Duration seconds: 207

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The specific per-failure and maximum annual penalties for administrative duties like furnishing copies, signing returns, using a PTIN, and record retention. - The significantly higher, uncapped penalties for negotiating a client's refund check and failing to perform due diligence. - That most Section 6695 penalties can be abated if the failure is due to reasonable cause and not willful neglect. - The critical due diligence requirements for credits like the EITC and CTC, including the use of Form 8867. - How the EA exam tests these concepts through scenario-based questions requiring penalty calculations and identification of violations. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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