Do you want the IRS to share private personal information from your tax returns or allow tax preparers or e-filing companies to release or sell it to any third party?
Current Status
U.S. Attorneys General from nearly every state have filed formal objections about the proposed regulations, and Congress is questioning the IRS about the proposed rules.
What's all the Fuss About?
The IRS is proposing new regulations that would make it easier for tax preparers to share or sell your personal information to companies that are interested in selling you services or products. These third parties, including data brokers who are in the business of selling information, could then sell your personal information to anybody, without getting your consent.
We need more privacy protection, not less. The more private information available, the greater the risk of identity theft.
There have been massive security breaches involving personal information in the last year or two, with large banks or other financial companies exposing their customers to the risk of identity theft by making their personal information available (and in at least one case, actually selling private information to identity thieves). For pros and cons of the proposed regulations, see page two of this article: Why It Works/Why It Doesn't Work.
