IRS issues final regulations for tax preparer client disclosures

12/29/2012 | JournalofAccountancy.com · JournalofAccountancy.com

The Internal Revenue Service has issued final regulations on the circumstances in which tax return preparers can use or disclose taxpayer information. The regulations cover what lists practitioners may compile to solicit return preparation business, transfers of such lists in the sale of a practice, statistical compilations of taxpayer information, and conflict-of-interest reviews. The IRS also has modified the language that practitioners must use when requesting permission to disclose or use tax return information, including rules for electronic signatures when a taxpayer executes an electronic consent form.

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JournalofAccountancy.com · JournalofAccountancy.com

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