Taxpayer Privacy Act

[AI summary unavailable — showing source text] Taxpayer Privacy Act - Prohibits, generally, disclosure of tax returns or return information by officers or employees of the United States or any State. Authorizes disclosure of income tax returns to specified persons and entities including: (1) the taxpayer for whom the return was made or his attorney in fact; (2) officers and employees of Federal and State agencies charged with the administration and enforcement of the tax laws; (3) the Joint Committee on Internal Revenue Taxation; (4) shareholders owning outstanding stock of any corporation, in the case of a return of the corporation; and (5) the President. Authorizes disclosure to the taxpayer's agent in the case of the taxpayer's death or bankruptcy. Provides criminal penalties of up to $10,000, imprisonment of up to five years, or both, for unauthorized disclosures by public employees, or unauthorized receipt of tax information by any person from a public employee, under this Act. Provides an additional criminal penalty of $1,000 for unauthorized disclosure or receipt of a tax return or tax return information by any person.…