Your source for coverage of new legislation, industry news, and updates to TheTaxBook Series. Portions of the website are reserved for our customers and a password is required for access.
|Return to Tax and Company News|
|Disclosure Penalty Guidance|
Post Date: 1/15/2010
|Last Updated: 1/15/2010|
|Under IRC §6713 and 7216, Income Tax Return Preparer Penalties may apply if the tax return preparer discloses or uses information on a client’s tax return without the taxpayer’s consent. The IRS recently provided guidance and examples of certain circumstances where the tax return preparer does not need written consent from a client prior to using confidential client information.|
Print Version: Click here for complete coverage.