Howdy heyheyitsthemonkees-ga,
The United States Internal Revenue Service (IRS) states the following.
http://www.irs.gov/businesses/small/article/0,,id=109046,00.html
"Privacy Act Statement and Paperwork Reduction Act Notice
...
Generally, tax returns and return information are confidential, as required
by IRC section 6103."
The whole of IRC section 6103 can be found on the Cornell Law School site.
http://www4.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00006103----000-.html
"§ 6103. Confidentiality and disclosure of returns and return information"
The above is too large to reproduce here, so if you desire to examine it
in detail, you should go to the page referenced above.
My examination of IRC section 6103 indicates that in general, it does not
appear that a lending or credit institution could ever, without their specific
permission, access an individual's personal tax information.
One applicable section goes as follows: "The Secretary may, subject to such
requirements and conditions as he may prescribe by regulations, disclose the
return of any taxpayer, or return information with respect to such taxpayer,
to such person or persons as the taxpayer may designate in a request for or
consent to such disclosure, or to any other person at the taxpayer?s request
to the extent necessary to comply with a request for information or assistance
made by the taxpayer to such other person. However, return information shall
not be disclosed to such person or persons if the Secretary determines that
such disclosure would seriously impair Federal tax administration."
All of the above said, lending or credit institutions, can and do request such
returns from people all of the time.
If you need any clarification, please feel free to ask.
Search strategy:
Google search on: returns privacy site:.irs.gov
://www.google.com/search?q=returns+privacy+site%3A.irs.gov
Google search on: IRC section 6103
://www.google.com/search?q=IRC+section+6103
Looking Forward, denco-ga - Google Answers Researcher |
