Tax preparers will have to make the fine print a little less fine and obtain customer consent for offshore work under new Internal Revenue Service rules aimed at giving taxpayers more control over their private information. The final rules issued by the IRS and the Treasury Department on Thursday update regulations from 1974, before the age of electronic filing, that require tax professionals to get informed consent before disclosing tax information to third parties or using it for non-return purposes. (USA Today, Friday)
Imagine the IRS lecturing others about fine print!
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