The Internal Revenue Service is considering a proposal to loosen the privacy standards of federal income tax returns. The change could allow accountants and other tax return preparers to sell information from individual returns to marketers and data brokers, according to published reports.
The change was originally included in the Dec. 8 Federal Register as part of a set of proposed rules from the Treasury Department and the IRS. The IRS later separately announced the change as a proposed regulation to safeguard taxpayer information, but the announcement did not mention the potential sale of tax information.
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