IRS Regulation 7216: Use and Disclosure
of Tax Information
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New for filing Season 2009, IRS Regulation 7216 provides guidance
to tax preparers regarding the use and disclosure of their clients' tax information.
This regulation strengthens taxpayers' ability to control their tax information
and to make informed decisions regarding the preparer's use of that information.
Tax preparers who fail to comply with this regulation face a $1,000 fine and
one year in jail for each violation.
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Consent to Use of Tax Return Information
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As a tax preparer, you are required to have the client’s permission to use his or
her tax information for purposes other than preparing and filing the tax return
(such as determining whether bank or other financial products may be available to
the client). The Consent to Use of Tax Return Information explains this requirement
and must be signed before the return is prepared.
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Consent to Disclosure of Tax Return Information
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As a tax preparer, you are required to have the client’s permission to disclose
his or her tax return information to third parties (such as to banks for bank products,
or to service bureaus or franchisors). The Consent to Disclosure of Tax Return Information
must be signed before sending the return to the designated third party.
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Sample Letters
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Consent to Use of Tax Return Information
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Consent to Disclosure of Tax Return Information
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Consent Forms for Bank Products
Chase Disclosure
Republic Disclosure
River City Disclosure
SBBT Disclosure
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View the IRS Revenue Proc
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