IRS Proposal: Addressing Tax Data Sharing Alongside Privacy Concerns

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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