Comments to IRS on Tax Information Sharing
Financial privacy — Joint comments filed by EPIC, Privacy Rights Clearinghouse, and World Privacy Forum.
Financial privacy — Joint comments filed by EPIC, Privacy Rights Clearinghouse, and World Privacy Forum.
The proposed changes to the regulations represent an important effort to increase taxpayers’ awareness of what is done with their personal information. However, the updated regulations fail to adequately safeguard taxpayer privacy because they neglect to protect information once it is disclosed, allow consent that is less than voluntary, and carry penalties that are not harsh enough to ensure tax return preparers obey the law.