Posted by Kraig Baker
The IRS has changed a rule that permits tax-return preparers to sell information from individual returns to marketers and data brokers. The proposed rules do require that taxpayers "opt-in" before the tax information could be sold. Does anyone really believe that it will be difficult to get taxpayers to "opt in?" Not only to most taxpayers sign whatever their tax preparers put in front of them, but the slippery recent history of certain large commercial tax preparers suggest that it won't be difficult to get such opt-in consent. I expect that there will be a firestorm about these changes and that the IRS will back away from this change in the next month or so. Full story here.