What are Carta VC's consent requirements for non-US tax support?

What are Carta VC's consent requirements for non-US tax support?

See below for an overview of Carta's Venture Capital tax preparation client consent requirements.

Carta leverages Carta affiliates and service providers located outside of the United States to service tax clients. IRC §7216 requires corporate, tax, and accounting service providers to obtain client consent to allow non-US professionals to access tax return information when delivering support services.

About IRC Section 7216

IRS regulation 7216 is intended to help protect the privacy and security of your tax return information. That means non-US professionals are only authorized to access taxpayers' tax return information when your consent is provided.

Why is it required to provide consent for Section 7216?

The IRS regulation 7216 includes restrictions on preparers of tax returns from disclosing or using tax return information outside the U.S. without the taxpayer's consent.

How will my taxes be prepared if consent isn't granted for IRC Section 7216?

Carta’s ability to disclose your tax return information to another tax return preparer affects the tax return preparation service(s) we provide to you and its cost. We may decline to provide you with tax return preparation services or change the terms and cost of the tax return preparation services that we provide to you if you do not provide your signature.