The American Institute of CPAs has requested changes in a Senate bill aimed at combating the growing problem of identity theft and tax fraud to avoid increased penalties for tax preparers who improperly disclose or use taxpayer information.

Senator Bill Nelson, D-Fla., introduced the Identity Theft and Tax Fraud Prevention Act of 2013, S. 676, in April (see Senate Seeks Ways to Fight Tax Fraud and Identity Theft). The AICPA sent a comment letter to the Senate Finance Committee last Thursday supporting many of the provisions in the proposed legislation, but also calling for changes in a few provisions that would increase tax preparer penalties.

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