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IRS Proposal: Addressing Tax Data Sharing Alongside Privacy Concerns

Calendar Apr 17, 2006 • User Avatar Benjamin D. Thomas
1 min read
General Esm H446
Topics%20covered

Topics Covered

privacy concerns privacy advocacy government policy tax data IRS proposal financial regulation data sharing
A rule change proposed by the U.S. Treasury Department and the Internal Revenue Service (IRS) has come under fire from privacy advocates who have taken issue with a clause allowing tax preparers to sell tax-return information to third parties. Introduced last December, the IRS change was proposed to update regulations that govern how tax preparers handle return information. These rules have not been changed since 1974, and the IRS wrote in the proposal that the revision will give preparers greater flexibility in the age of electronic filing.

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