A timely reminder that Section 2202 of the Taxpayer First Act goes into effect on December 29, 2019. This measure amends the IRS Code to prohibit persons designated by a taxpayer to receive return information or taxpayer return information for any purpose other than the express purpose that the taxpayer consented. Further, the amendment does not allow the disclosure of information to any person without the express permission of, or request by, the taxpayer.
Click here for our latest Clients & Friends memo detailing Section 2202’s requirements for our industry, and as always, please call us if you have questions.