For over 50 years, Bloomberg BNA’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
IRS issues proposed, temporary, and final regulations (REG-131028-09, T.D. 9478) providing guidance on the disclosure and use of tax return information by preparers under tax code Section 7216. The rules update guidance on several issues concerning tax return preparers, including the use of information related to lists for solicitation of tax return business, and the disclosure or use of statistical compilations of data under Section 7216 in connection with a tax return preparation business. IRS issued interim guidance (Notice 2009-13) in January that allowed preparers to use and disclose, without taxpayer consent, statistical compilations of tax return information to support their tax return business.
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