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TREAS/IRS | RIN: 1545-BH12 | Publication ID: Fall 2008 |
Title: Guidance Regarding Marketing of Refund Anticipation Loans (RALS) and Certain Other Products in Connection With the Preparation of a Tax Return | |
Abstract: This advance notice of proposed rulemaking describes rules that the Treasury Department and the IRS are considering proposing, in a notice of proposed rulemaking, regarding the disclosure and use of tax return information by tax return preparers. The proposed rules would apply to the marketing of refund anticipation loans (RALs) and certain other products in connection with the preparation of a tax return. As an exception to the general principle that taxpayers should have control over their tax return information that is reflected in final regulations under section 7216 that are being issued concurrently with the advance proposed regulations, the proposed rules would provide that a tax return preparer may not obtain a taxpayerÂ’s consent to disclose or use tax return information for the purpose of soliciting taxpayers to purchase such products. | |
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: Undetermined |
CFR Citation: 26 CFR 301.7216 | |
Legal Authority: 26 USC 7805 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-136596-07 Drafting attorney: Lawrence E. Mack (202) 622-4940 Reviewing attorney: Ashton P. Trice (202) 622-4940 CC: PA: Branch 2 | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Lawrence E. Mack Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 5543, Washington, DC 20224 Phone:202 622-4940 Fax:202 622-1585 Email: lawrence.e.mack@irscounsel.treas.gov |