Decreasing Tax Privacy…
Posted by taxguru on March 24, 2015
For decades, one of the methods IRS had to encourage everyone to disclose all of their financial data and pay taxes on all types of income was that such data would be held in the strictest of confidence and kept 100% completely private. This is even in the IRS’s so-called Taxpayer Bill of Rights.
With the recent disclosures that personal tax return info has been shared with various members of the bHo Regime for political retribution, it’s been obvious that what is shown on tax returns is no longer private or confidential and IRS has failed to honor its own promises to the tax paying public. How much this decreases the willingness of taxpayers to fully disclose their financial details, we’ll have to see.
I don’t know how IRS intends to bounce back from their failure to honor their promises of privacy and confidentiality, but stories such as this one from Forbes are just digging them into a deeper hole.
Sorry, the comment form is closed at this time.