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8 Banking<strong>This</strong> year, <strong>Drake</strong> is working in conjunction with four banks to provide taxpayersaccess to bank-product options:• Chase • Santa Barbara Bank & Trust (SBBT)• Republic Bank & Trust (RB) • River City Bank (RCB)NEW FOR2008River City Bank is a new <strong>Drake</strong> banking partner in 2008. Also new in 2008,the TRAC screen in <strong>Drake</strong> allows tracking of prior-year bank products. (See“Return Tracking” on <strong>page</strong> 163.)About Bank Products<strong>This</strong> chapter covers requirements for you and your customers, processes for setting upyour software for offering bank products, and data entry for bank products. It alsoexplains what bank products are and provides valuable information you’ll want toreview in addition to the brochures provided by your bank.Tax Preparer RequirementsNEW FOR2008If tax return information will be disclosed to parties outside of the taxpreparer’s firm, IRS Regulation 7216 requires that you obtain clients’signed consents for the use and disclosure of their tax information.IRS Reg. 7216 provides guidance to tax preparers regarding the use and disclosure oftheir clients’ tax information to parties outside of the tax preparer’s firm. The Consentto Use of Tax Information must be signed and dated by the taxpayer (and spouse, ifTax Year 2008 201

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