The National Association of Tax Professionals

The National Association of Tax Professionals

Can I Say That? Understanding §7216

  • Topic(s): Basic
  • Presenter(s): Melinda Garvin EA, RTRP
  • Session#: 930-09
  • Session Length: 50 Minutes
  • Program: 2010 National Conference
  • Date: Jul 19, 2010
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Can I Say That? Understanding §7216 - Details:

In the old days, we could introduce our client to someone as "this is Sue Jones, a tax client of mine" and it was no problem. In the old days, your client would call and say, "I'm buying a car…send my tax return to my banker" and it was no problem. The new rules and restrictions of §7216 create everyday problems by complicating our ability to use and/or disclose tax return information. Section 7216 affects how we maintain close contact with our clients and accommodate their needs. We need to have a thorough understanding of the new rules to avoid criminal and civil penalties. This session will explain when you need to get a client's consent and when you don't. It will include templates of the mandatory language in the consent forms that you can use in your office. Is your firm compliant?