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- Title
CPAs Beware: Disclosure or Use of Taxpayer Information Requirements Under IRC Section 7216.
- Authors
Mauldin, Kandace M.; Chiasson, Michael; Mauldin, Shawn; Breaux, Kevin
- Abstract
The article deals with the criminal liability of accountants in the U.S. under the revised regulations for Internal Revenue code (IRC) section 7216 that would prohibit tax return preparing agents from disclosing and using any financial information for purposes other than to prepare such returns. The regulation, which covers disclosures or uses occurring on or after January 1, 2009, prevents tax return preparing agents from disclosing information to comply with court, audit or statutory authorities. The regulation also governs the role of a third party.
- Subjects
UNITED States; INTERNAL revenue law; TAX return laws; ACCOUNTANTS; FINANCIAL disclosure laws; CRIMINAL liability; TAX accounting
- Publication
CPA Journal, 2010, Vol 80, Issue 7, p44
- ISSN
0732-8435
- Publication type
Article