The Oklahoma Agreement to Safeguard Federal Tax Information (TAG) is an agreement between the State of Oklahoma and the Internal Revenue Service (IRS) that creates a framework for protecting federal tax information held by the state. Under the TAG, the state must develop and implement safeguards to protect the confidentiality, integrity, and availability of federal tax information in its possession. The TAG also requires the state to provide training and oversight of personnel who have access to federal tax information. The TAG is divided into two main parts: the Security Agreement and the Tax Information Security Agreement. The Security Agreement outlines the security processes and procedures required to protect federal tax information held by the state. It requires the state to establish physical, technical, and administrative safeguards. The Tax Information Security Agreement outlines the processes and procedures for protecting tax information held by the state, such as filing and reporting requirements. The TAG is an important tool in ensuring the security and privacy of federal tax information. It helps ensure that state agencies are taking the appropriate steps to secure this sensitive data and protect the rights of taxpayers.
Oklahoma Agreement to Safeguard Federal Tax Information
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How to fill out Oklahoma Agreement To Safeguard Federal Tax Information?
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FAQ
IRC 6103(k)(6) allows the IRS to make limited disclosures of return information in the course of official tax administration investigations to third parties if necessary to obtain information that is not otherwise reasonably available.
Penalties for Unauthorized Disclosure of FTI 26 USC § 7213, states that willful disclosure of Federal returns or return information is a felony punishable upon conviction by a fine in any amount not exceeding $5,000, or imprisonment of not more than 5 years, or both, together with the costs of prosecution.
In cases of substantial understatement, the Accuracy-Related Penalty is 20% of the portion of the underpayment of tax that was understated on the return.
In a paper or electronic case file, FTI obtained from the statewide child support system continues to be FTI when it is printed or imaged and stored in the case file. Tax return information received directly from the taxpayer to whom the tax return pertains is not FTI and is not subject to the same protections as FTI.
IRS Regulations Internal Revenue Code 7213: States that, willful unauthorized disclosure by staff employees is a felony punishable by a fine not exceeding $5,000 or imprisonment not more than 5 years, or both, together with the cost of prosecution.
Any paper material generated from FTI; such as extra copies, photo impressions, computer printouts, reports, lists or notes or work papers must be destroyed by burning, mulching, pulping, shredding, or disintegrating.
26 USC § 7213, states that willful disclosure of Federal returns or return information is a felony punishable upon conviction by a fine in any amount not exceeding $5,000, or imprisonment of not more than 5 years, or both, together with the costs of prosecution.
¶61-520, Statute of Limitations No assessment of any tax can be made after the expiration of three years from the date the return was required to be filed or the date the return was actually filed, whichever is later.