Are You in Compliance with Regulation 7216, Baltimore, MD

EVENT DESCRIPTION

The Internal Revenue Code imposes both civil and criminal penalties on tax return preparers who make certain unauthorized disclosures of tax return information, or of information furnished in connection with the preparation of income tax returns. Since enacting these provisions in 1971, the Internal Revenue Service (IRS) has continued to struggle to update these Regulations and provide clear guidance in the face of ever-evolving business models and the emergence of electronic tax administration. As such, these Regulations have long been a source of considerable confusion and concern for tax professionals wishing to ensure compliance. This seminar will provide an in-depth look at the current rules and IRS guidance related to the use and disclosure of a client’s tax return information, culminating in a discussion of best practices and tips for compliance.