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.

SPONSORED REPORT

Solving the lease accounting challenge

The challenges of the new lease accounting standard have been pervasive to say the least. In this free, independently-written report, you'll learn effective adoption strategies as well as resources for easing the transition to the new standard.

FEATURE

Tackling TCJA changes this tax season

Return preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.