Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The critical difference between criminal penalties under IRC 7216 and civil penalties under IRC 6713. - The specific requirements for obtaining valid, written taxpayer consent before disclosing or using tax return information. - Key regulatory exceptions that permit disclosure without taxpayer consent, such as for peer reviews and court orders. - The special consent rules required when a tax preparer transmits client information to a service provider located overseas. - How to identify common exam traps related to prohibited "uses" versus prohibited "disclosures" of taxpayer data. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep