Which, if any, of the following could result in penalties against an income tax return preparer? 　　

    I.Knowing or reckless disclosure or use of tax information obtained in preparing a return. 　　

    II.A willful attempt to understate any client's tax liability on a return or claim for refund. 　　

    a.II only. 　　
    b.Neither I nor II. 　　
    c.Both I and II. 　　
    d.I only. 　　

    Explanation 　　

    Choice "c" is correct. Both I and II. Knowing or reckless disclosure or use of tax information obtained in preparing a return and a willful attempt to understate any client's tax liability on a return or claim for refund could both result in penalties against an income tax return preparer.