When do we stop paying taxes to the IRS?
http://www.guardian.co.uk/worldlatest/story/0,,-5702145,00.htmlWednesday March 22, 2006 12:16 AM
Associated Press Writer
WASHINGTON (AP) - Taxpayers not paying attention to the forms prepared for them by commercial tax preparers could soon find their personal financial information being sold more widely to data brokers and marketers.
The Internal Revenue Service is proposing to alter some privacy protections that consumer groups say would allow tax preparers greater leeway to sell personal financial information from the documents or even copies of the entire return itself.
The IRS has scheduled a hearing for April 4 on the proposal, part of a package of revisions the agency says are designed to safeguard information. One, for example, would require written taxpayer consent before a tax firm sends a return overseas for processing.
Tax preparation firms can already sell - with written consent from the taxpayer - information from an individual's return to affiliated groups, such as any other part of a holding company affiliated with them. The IRS proposal would drop the affiliation requirement, enabling anyone to buy the information.
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