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Federal input screens

Screen Consent - Consent to Disclose and Use Tax Return Information (1065)

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Overview

  • To print the Consent Letter with the tax return for all clients, select
    Setup
    ,
    1065 Partnership
    , select
    Other Return Options
    , and select the
    Consent
     tab.
  • To print the Consent Letter with the tax return for this client only or to enter specific recipients or uses for this client only, enter the recipients or uses in the Client-Specific Consents section in this screen.
  • To print the Consent Letter and the Engagement Letter separately from the return, select
    Utilities
    , then
    Data Mining
    . In step 2, select
    Letters
     from the dropdown list in the
    Print selection
     group box, then select the letters.
  • To print the Consent Letter with the Business Organizer for all clients, select
    Setup
    ,
    1065 Partnership
    , then
    Organizer
    , and select
    Consent
    .
  • To print the Consent Letter with the Business Organizer for this client only or to enter specific recipients or uses for this client only, enter the recipients or uses in the
    OrgCon
     screen.
note
The Consent Letter can be signed by the taxpayer using eSignature.
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 and offering bank products or services such as loans, business consulting, and compiling anonymous statistical data.
Thomson Reuters can't provide tax preparers with legal advice about 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 related 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.

Specific Recipient and Use Consents

Use this section to prepare the Consent Letter printed with the tax return for this client only. Information in this section won't be used in the Consent Letter printed using the Business Organizer or Data Mining.
Date consent will expire, if other than “one year”
Enter the date the consent will expire. If you leave this field blank, the Consent Letter uses "One year from signature date" as the expiration date.
Recipient or use
Indicate up to four specific recipients or uses of the tax return information for this client only. The Consent Letter prints with an option to affirmatively select the recipients and uses. If these fields are blank, the Consent Letter printed with the tax return will include the recipients or uses entered in the Consent tab of the
Other Return Options
 window. To open this window, select
Setup
,
1065 Partnership
, then
Other Return Options
.

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