Taxes in the United States
New IRS Regulation, Effective January 1, 2009
Disclosure or Use of Tax Information by Preparers of Returns
Please take note of new regulations giving taxpayers greater control over their personal tax return information. New regulations under Internal Revenue Code Section 7216, Disclosure or Use of Tax Information by Preparers of Returns, became effective January 1, 2009. These regulations limit tax return preparers' use and disclosure of information obtained during the return preparation process to activities directly related to the preparation of the return.
The regulations, along with supplemental Revenue Procedure 2008-35 (http://www.irs.gov/irb/2008-29_IRB/ar13.html), contain the updated rules and requirements relating to disclosure and use of tax return information. These regulations apply to paid and volunteer preparers and the administrative staff that
supports them. Failure to comply may result in criminal or civil penalties. See the IRC 7216 http://www.irs.gov/efile/article/0,,id=188390,00.html information page on IRS.gov for more details.
Frequently Asked Questions (FAQ) are available at http://www.irs.gov/efile/article/0,,id=188398,00.html on www.irs.gov