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Warning LetterLow Risk

FTC Warns Tax Preparers on Data Misuse, Threats $50K Penalties

Five tax preparation companiesSeptember 18, 2023Federal Trade Commission

Summary

The FTC issued warnings to five tax preparation companies against using or disclosing consumer tax data for unrelated purposes like advertising without explicit consent. The agency cites its penalty offense authority, referencing a previous case against Beneficial Corp, and warns that such practices violate the FTC Act and could incur penalties up to $50,120 per violation. The notices highlight that using tracking technologies for data collection without consent is also prohibited.

Contract Impact

In-house legal teams should review customer service agreements, privacy policies, and vendor contracts (especially with analytics/advertising partners) for clauses governing data usage purposes, consent requirements, and tracking technology disclosures. Specific clauses to audit include: (1) data purpose limitations ensuring tax data is only used for tax preparation; (2) consent mechanisms for any secondary uses like advertising or data sharing; (3) restrictions on sharing confidential tax information with third parties; (4) transparency requirements for tracking technologies (e.g., cookies, pixels). Updates may be needed to add explicit, granular consent for non-tax purposes, prohibit unauthorized data sharing, and ensure all tracking tools are disclosed with opt-in consent where required. Data processing agreements with vendors should also reflect these restrictions.

Contract Search Terms

purpose limitationexplicit consentdata sharing for advertisingtracking technologies consentconfidential tax informationsecondary use restrictionsdata processing addendumprivacy policy disclosuresopt-in mechanismpenalty offense notice

Laws Cited

FTC Act

Violation Types

Entity Details

Entity

Five tax preparation companies

Also known as: Tax Preparation Companies

Industry

Financial Services

Official Sources

Source Evidence

Entity Name
"five tax preparation companies"
Laws Cited
"under the FTC Act"
Violation Types
"without first obtaining affirmative express consent from consumers"

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