How exactly is the IRS strengthening taxpayer control over their information?
The intent is to help taxpayers make informed and knowledgeable decisions. For the first time, the IRS mandates the form and content of the consent process for paper and electronic preparation of individual tax returns. It mandates specific language and type size to avoid ‘fine print’ consent requests. It requires preparers to provide taxpayers with information where they can file a complaint if they suspect their information is being disclosed or used improperly. It seeks to prevent taxpayers from being pressured with repeated consent requests. It also requires preparers to inform and obtain consent from taxpayers if their return information is going overseas for preparation. Details of these requirements are outlined in Revenue Procedure 2008-12.
