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Friday, March 24, 2006

IRS Proposal Would Allow Tax Preparers to Sell Financial Information

Published on Thursday, March 23, 2006 by the Oregon Mail Tribune 
  
WASHINGTON ? Consumer groups and privacy advocates are attacking proposed Internal Revenue Service rules that would spell out how tax-return preparers may legally sell financial information and other data from their clients? returns.
 
It has long been a principle of tax administration that no unauthorized person can get such information, and that this assurance encourages taxpayers to file honest and complete returns. That notion is still a "fundamental underpinning" of IRS practice, Commissioner Mark Everson said Wednesday in an interview.
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