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IRS Issues Proposed Regulations Adjusting Use of Some Taxpayer Information

WASHINGTON — The Internal Revenue Service today announced the issuance of proposed and temporary regulations and related revenue rulings addressing the use or disclosure of tax return information by tax return preparers.

The regulations and related revenue rulings under section 7216 enable tax return preparers to more effectively provide a range of services that taxpayers would ordinarily expect from tax return preparers. Generally, these services benefit taxpayers, increase voluntary compliance and improve tax administration.

The proposed and temporary regulations enable tax return preparers to use or disclose tax return information without explicit taxpayer consent in certain limited circumstances. Tax preparers can contact their clients regarding tax law developments that may affect the clients. They can also disclose information in connection with the potential sale or purchase of a tax return preparer’s business and during the process of conducting client conflict-of-interest checks.

Before these proposed regulations are adopted as final regulations, consideration will be given to any written (a signed original and eight copies) or electronic comments that are submitted timely to the IRS. The IRS and the Treasury Department request comments on the clarity of the proposed rules, how they can be made easier to understand and the administrability of the rules in the proposed regulations. All comments will be made available for public inspection and copying. A public hearing will be scheduled if requested in writing by any person that timely submits written comments.

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Thanks for the Praise and for being a Champion of Stacie’s More Tax Tips

By Stacie Clifford Kitts, CPA

Darn. It appears I did not make the top 50 accounting blogs compiled by Biz-Lerner. However, it’s okay – There is always next year.

But wait, Liz Gold over at the WebCPA and the author of the Accounting Tomorrow Blog has given Stacie’s More Tax Tips and a few lucky others some nods.

“And while we certainly think the list is comprehensive – we’d also add Jennifer
Wilson’s
Inspired Ideas, Stacie’s More Tax Tips, JasonBlumer’s Thriveal and a new blog we just heard about via Michelle Golden – Farm CPA Today, written by Paul Neiffer.”

Thanks Liz as always for being a champion of Stacie’s More Tax Tips. And I agree, Inspired Ideas, Thriveal, and Farm CPA Today are all worthy Blogs.

MORE PEOPLE TO THANK
But ya know, my thanks would be incomplete if I didn’t mention all the other worthy bloggers who have made me feel all warm and fuzzy throughout this year.

Robert Flach over at the Wandering Tax Pro and his twice weekly Buzz is a constant champion and source of interesting well written Tax topics – thanks to Robert for all his support. Confession – I am always a little disappointed when I don’t make the Buzz cut.

Thanks to Bruce over at The Missouri Tax Guy for your many mentions. Without your retweets, many of my posts would go unnoticed.

I felt like I had won the prize when Dan Meyer at Tickmarks named Stacie’s More Tax Tips as one of his Twelve Blogs of Christmas. Thanks Dan! I have enjoyed your posts.

Mary O’Keeffe, over at Bed buffaloes in your tax code pretty much kicked my a-s with her responses to my posts regarding the cosmetic surgery tax. Thanks Mary for being interested enough to explain what I wasn’t getting.

I particularly like the wit displayed by Monica Lawver, at Confessions of a CPA her working mom posts always make me nod my head and say, Yep I get that. Thanks for the mentions.

And thanks to all the other wonderful sites and bloggers who have found something I have written interesting enough to mention or to comment on a post [I sure do hope I didn’t forget anybody]:

ConvergenceCoaching, LLC Inspired Ideas
Don’t Mess With Taxes
Even a Nerd Can Be Heard – NERD TALK
Linda Keith CPA
Roth & Company, P.C.
Taxable Talk
The Tax CPA

SPECIAL THANKS
Oh and a special thanks to Annette Fix – author of The Break-up Diet for her tips on how to make my blog work.