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Tax Privacy Exposed: Data Breaches, Ethical Solutions, and the Power of Enrolled Agents

Author
Daniel Honan
Published
Fri 25 Aug 2023
Episode Link
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Ever wondered how secure your personal information is when filing your taxes? Discover the startling truth about data breaches, as we unpack a recent congressional report revealing that well-known tax prep firms like Tax Act, H&R Block, and Tax Slayer were sharing taxpayer details with tech behemoths, Metta and Google. You'll feel the sting of betrayal as we discuss the implications of such egregious privacy violations, and the unsettling feeling of investing time and money into filing taxes only to find out your data is up for grabs.

Our conversation doesn't end on a gloomy note, though. We pivot to solutions, emphasizing the importance of entrusting your precious data to a qualified tax professional. Together, we navigate the tricky waters of the IRS's attempts to oversee tax preparers, including plans for registration, competency tests, and annual continuing education. With an eye on the qualifications of a CPA and enrolled agent, we reveal the ethical standards they're bound by as per the IRS handbook Circular 230. Wrapping up, we spotlight the benefits of using an enrolled agent to stand up for you before the IRS, especially if you're in a tax bind. Join us, be informed and take control of your tax privacy.

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