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Amendments to the Section 7216 Regulations - Disclosure or Use of Information by Preparers of Returns

Abstract: The regulations amend Treasury Regulation section 301.7216-2(o) relating to the disclosure and use of tax return information by tax return preparers. The regulations provide updated guidance regarding the disclosure or use of statistical compilations of data described in Treasury Regulation section 301.7216-1(b)(3)(i)(B) by a tax return preparer in connection with, or in support of, a tax return preparer's tax return preparation business. The regulations identify additional limited circumstances when a tax return preparer who compiles statistical information may disclose the compilation without taxpayer consent, and place additional restrictions on the content of the compilation that may be disclosed without taxpayer consent.
RIN: 1545-BI85
Type: Rule Making