If you're offering bank products to your clients, the IRC section 7216 requires that you obtain the taxpayer's consent to use their tax return information for the purpose of determining if they are eligible to utilize a bank to facilitate their refund transfer as well as optionally receive an advance. This consent must be obtained before beginning the tax return.
If you have configured to offer a bank refund transfer product in TaxSlayer Pro, upon selecting Start New Return from the Quick Menu you will be prompted if you'd like to print the Consent to Use form. In addition to being able to configure the default answer to this question, whether Yes or No, you can also configure skipping the question altogether. We don't recommend skipping this question unless you've got a stack of preprinted consent forms and thus don't need to print the form for each return being prepared.
To skip being prompted about the Consent to Use form, from the Quick Menu of TaxSlayer Pro select:
- Configuration
- Printer/Copies Setup
- Main Menu 7216 Question Default - Select Skip Question.
Additional Information: