ClientWhys Releases IRS Section 7216 Disclosure and Consent Letters and Brochures

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Designed for CPAs, EAs and Tax Preparers, these new disclosures are primarily prepared to satisfy the newly-required Sec. 7216 disclosure and obtain the client's authorization to use tax return information to provide other tax-related services.

7216 Disclosure Brochure

For practitioners that provide other types of services, additional disclosures may be appropriate (separate Sec. 7216 disclosures are required for each).

On January 1, 2009, the new Sec. 7216 strict disclosure regulations became effective. These regulations were written to curtail the undisclosed transfer of taxpayer data to third parties, especially out-of-the-country transfers, and to protect a taxpayer's data from being used to market other products. However, the language is such that the disclosure requirement even applies when additional tax services are provided (such as tax planning services).

ClientWhys has developed a four-color brochure to satisfy these new requirements. This disclosure brochure can be used to obtain the client's authorization to use tax return information to provide other tax-related services, such as tax planning, tax consulting, education planning, etc., after preparing the client's return. It also includes a Privacy Policy statement required annually by the Federal Trade Commission. The policy provides for no disclosure of tax return information outside the firm without the client's permission.

"As an added bonus, the brochure provides referral promotion. Thus, this brochure will suit the needs of most practitioners who provide only tax services," stated Lee Reams II, President of ClientWhys, Inc. Lee added, "For practitioners that provide other types of services, additional disclosures may be appropriate (separate Sec. 7216 disclosures are required for each)."

To handle these additional disclosures, ClientWhys has published nine separate Microsoft® Word templates. These templates are free to download from the ClientWhys website at http://www.clientwhysinc.com . Call 1.800.442.2477 for more details.

About ClientWhys, Inc.
ClientWhys® serves over 13,000 tax and accounting professionals nationwide. ClientWhys provides a suite of education and client communication products that enable tax, accounting and financial professionals the ability to deliver expertly written content to their clients and prospects.

For more information, contact ClientWhys at 1.800.442.2477 or visit us online at http://www.clientwhysinc.com.

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Lee Reams
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