Under Circular 230, Tax Preparer Winston Cannot Disclose to a Mortgage

question 130

True/False

Under Circular 230, tax preparer Winston cannot disclose to a mortgage banker the income level of her client Pickett or other information acquired by preparing the return without Pickett's permission.

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Definitions:

Endangerment

The act of putting someone or something at risk or in danger of being harmed or destroyed.

Laws

Rules and guidelines, established by a community or authority, governing behavior.

Static

Persistent or unchanging conditions; in electronics, it refers to random noise that can interfere with signal clarity.

Stability

The state or quality of being resistant to change, especially sudden change or deterioration, within a particular environment or context.