Privacy


The IRS issued proposed regulations on the disclosure and use of tax-return information by return preparers. While a related IRS press release describes how the regulations will affect the offshoring of tax returns or tax-return information, they have broader implications for tax practitioners. Generally, the regulations revise the manner and form of obtaining a taxpayer’s consent to use or disclose tax-return information, adding a requirement that such consent be obtained before a preparer may share the information with a third party. The proposed regulations and other background documents are at www.irs.gov/newsroom/article/0,,id=151368,00.html . Comments are due March 14, 2006.

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QUIZ

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News about a data breach that affected about 100,000 people, the IRS’s budget for the fiscal year, and the 2018 health spending account limits received attention recently. See how much you know with this short quiz.