Tuesday, January 13, 2009

IRS Issues Regs To Safeguard Taxpayer Information

IRC Section 7216 (Effective January 1, 2009) prohibits anyone who is involved in the preparation of tax returns from knowingly or recklessly disclosing or using the tax-related information provided other than in connection with the preparation of such returns. Anyone who violates this provision may be subject to a fine or even imprisonment..............

American Institute of CPAs

IRS: Frequently Asked Questions http://tinyurl.com/8ghzwd

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