Which of the following is false regarding the filing of information returns concerning employees who prepare tax returns?
A. The period for which the information return is required is a 12-month period beginning July 1 of each year.
B. Information returns of income tax return preparers must be maintained by the preparer for 2 years.
C. Annual listings of preparers, identification numbers, and place of work are required for preparers who employ others to prepare returns.
D. No information return is actually required to be submitted; a list is made and kept by the employing preparer.
Answer: B