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Screen Consent - Consent to Disclose, Use Tax Return (1040)
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Overview
Use this screen to enter client-specific information to prepare the Consent to Use Tax Return Information and/or Consent to Disclose Tax Return Information with the tax return. Up to four consents will print: Consent to Disclose - General, Consent to Disclose - Bank Product, Consent to Use - General, and Consent to Use - Bank Product. Use the
Document Editing
window to create and modify all client documents including transmittal letters, filing instructions, custom paragraphs, and invoices.To turn on
Consent to Disclose
to print with the tax return for all clients, select Setup
, 1040 Individual
, select the Federal
tab, select Other Return Options
, and select the Consent to Disclose
tab.To turn on
Consent to Use
to print with the tax return for all clients, select Setup
, 1040 Individual
, select the Federal
tab, select Other Return Options
, and select the Consent to Use
tab.To print the
Consent to Disclose
or Consent to Use letters with Client Organizer
, select Setup
, 1040 Individual
, select the Organizer
tab, select Consent
, and select the tab.note
If consent to disclose or consent to use information has been entered on this screen for a client, the
Consent
screen data entry for consent to disclose and/or consent to use will supersede the Setup
, 1040 Individual
, Federal
, Other Return Options
, then Consent to...
windows. Items listed in the Recipient(s) of tax return information
fields in the Setup
, 1040 Individual
, Federal
, Other Return Options
, then Consent to...
windows will appear after items listed on the Consent
screen.note
IRC Section 7216 requires preparers to receive consent from their clients to use or disclose their tax information for purposes other than preparing their tax return, and in certain limited situations, for purposes involving tax return preparation. This includes using "third party" return data entry services, offering bank products such as an Electronic Refund Disbursement Service (ERDS) from Refund Advantage, or products or services such as mortgage loans, mutual funds, individual retirement accounts, and life insurance.
Thomson Reuters can't provide tax preparers with legal advice on these provisions. You'll need to seek counsel from your own legal advisor as to the specific consequences to, and requirements for, tax preparers regarding IRC Section 7216 and the regulations. This would include seeking counsel prior to using any data mining searches for anything other than the preparation of tax returns, to ensure you're in compliance with all laws and regulations.
Note that per Rev. Proc. 2008-35, the font size for each consent will need to be at least 12 points.
Consent to Disclose
Enter information in this section to prepare the Consent to Disclose Tax Information.
Is the disclosure of information in a tax preparation or auxiliary service context?
Select
Yes
or No
to indicate whether or not the disclosure of tax information is in a tax preparation or auxiliary service context. The selection here will produce the required language on the consent document. An entry is required in this field to print a Consent to Disclose - General document.Is the recipient(s) located outside of the United States?
Select
Yes
or No
to indicate whether or not the recipient or recipients are located outside of the United States. If more than one recipient, select Yes
if any of the recipients are located outside of the United States. The selection in this box will produce the required language on the consent document. An entry is required in this field to print a Consent to Disclose - General document.Consent to Disclose is for bank product
If this field is marked, the Consent to Disclose - Bank Products will be produced. This consent will include all required language in addition to paragraphs explaining that the disclosure of the client's tax return information will be for the approval of bank products.
Bank product bank...
The bank name in the Consent to Disclose - Bank Products will default to Refund Advantage. If Thomson Reuters isn't being used as the ELF transmitter, this field will be available for data entry. Enter the name of the bank that's providing the bank products.
Date consent will expire
Enter the date the consent will expire. All consents will be written with an expiration date of one year from the date printed if no expiration date is specified.
Consent to Disclose ... signed and returned
Enter
X
in this field if the Consent to Disclose has been signed and returned. Data Mining can be used to set up various reports of clients that have this field marked.Recipients of tax return information
Indicate up to four specified recipients of the taxpayer's tax information. An option to affirmatively select each recipient will be printed on the consent form.
Consent to Use
Enter information in this section to prepare the Consent to Use Tax Information.
Date consent will expire
Enter the date the consent will expire. All consents will be written with an expiration date of one year from the date printed if no expiration date is specified.
Consent to Use ... signed and returned
Enter
X
in this field if the Consent to Use has been signed and returned. Data Mining can be used to set up various reports of clients that have this field marked.Consent to Use is for bank product
If this field is marked, the Consent to Use - Bank Products will be produced. This consent will include all required language in addition to paragraphs explaining that the taxpayer's information will be used to secure bank products.
Bank product bank...
The bank name in the Consent to Use - Bank Products will default to Refund Advantage. If Thomson Reuters isn't being used as the ELF transmitter, this field will be available for data entry. Enter the name of the bank that's providing the bank products.
Third party involved in specific use of tax return information
Enter the name of the third party involved in the specific uses of tax return information indicated in the
Specific uses of tax return information
fields. The name of the third party will print in the Consent to Use - General document.Specific uses of tax return information
Indicate up to four specified recipients of the taxpayer's tax information. An option to affirmatively select each recipient will be printed on the consent form. An entry in any one of these four fields is required to print a Consent to Use. These options will be printed in the Consent to Use - General document.