INCREASE THE PENALTY APPLICABLE TO PAID TAX PREPARERS WHO ENGAGE IN WILLFUL OR RECKLESS CONDUCT.

SEC. 210. INCREASE THE PENALTY APPLICABLE TO PAID TAX PREPARERS WHO ENGAGE IN WILLFUL OR RECKLESS CONDUCT. (a) [26 U.S.C. 6694] In General.—Section 6694(b)(1)(B) is amended by striking “50 percent” and inserting “75 percent”. (b) [26 U.S.C. 6694 note] Effective Date.—The amendment made by this section shall apply to returns prepared for taxable years ending after the date of the enactment of this Act.