Your tax files for sale? IRS says go for it

The San Francisco Chronicle reports:

The Internal Revenue Service has proposed a new rule that would let tax preparers sell or share a client's tax-return information with third parties, as long as they got the client's consent.

Three consumer organizations on Wednesday called the proposal shocking and urged the IRS to drop it.

They fear that many taxpayers could be rushed or duped into signing the consent form when they are signing their tax returns and related documents. They could end up losing control over financial data they wouldn't want their closest friends or family to see, much less outside marketing and database firms.

You remember the cell phone records for sale stories a few months ago? Anyway,if this rule passes we can imagine certain individuals attempting to get others' financial data.We predict if it passes there will be a big move back towards people doing their own taxes out of distrust of tax preparers.It even might even start a movement after a few horror stories, to get rid of the income tax.