Based on the Advice of a Tax Return Preparer,a Taxpayer

Based on the advice of a tax return preparer,a taxpayer recently reported the market value of an unusual property distribution received from a real estate investment trust in her gross income.After the tax return was filed,the U.S.Tax Court ruled that similar kinds of distributions are not includible in gross income.The tax return preparer has:

A) A duty to have retained the taxpayer's contact information and a duty to inform the client of this legal ruling
B) A duty to inform the client of this legal ruling only if the amounts at issue are material to the taxpayer, measured as a percentage of the taxpayer's reported gross income
C) A duty to inform the client of this legal ruling only if the amounts at issue are material to the taxpayer, measured as a percentage of the taxpayer's net worth
D) No duty to contact the taxpayer