Home Table of Contents

006.05.505-4. Disclosure or Use of Information by Preparers of Returns

AR ADC 006.05.505-4Arkansas Administrative Code

West's Arkansas Administrative Code
Title 006. Department of Finance and Administration
Division 05. Division of Revenues
Rule 505. 1991-10 Tax Advisory Council
Ark. Admin. Code 006.05.505-4
006.05.505-4. Disclosure or Use of Information by Preparers of Returns
Currentness
(a) Any person engaged in the business of preparing, or providing services in connection with the preparation of, returns of tax administered under the Arkansas Tax Procedure Act, 26-18-101 et seq., or any person who, for compensation prepares any such return for any other person, and who:
1. Discloses any information furnished to him for, or in connection with the preparation of any such return; or
2. Uses any such information for any purpose other than to prepare, or assist in preparing, any such return, shall pay a penalty of two hundred fifty dollars ($250) for each such disclosure or use, but the total amount imposed under this subsection on such a person for any calendar year shall not exceed ten thousand dollars ($10,000).
(b) Subsection (a) of this section shall not apply to a disclosure of information if such disclosure is made either:
1. Pursuant to the Arkansas Taxpayer Bill of Rights (Ark. Code Ann. § 26-18-801 et seq.); or
2. Pursuant to an order of a court; or
3. For quality or peer reviews, which are conducted under the auspices of the American Institute of Certified Public Accountants or the Securities and Exchange Commission.
(c) The criminal penalties provided for herein are in addition to any fines, penalties, imprisonment imposed by Ark. Code Ann. § 26-18-303.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 006.05.505-4, AR ADC 006.05.505-4
End of Document