K2's 2023 Safeguarding Taxpayer Data - A Guide For Your RequiredSecurity Plan

Overview

Combatting today’s cybercriminals takes everyone working together. The Internal Revenue Service works with state tax agencies and the tax industry to fight these 21st-century identity thieves. Unfortunately, data thefts at tax professionals’ offices are on the rise. Online providers also must follow the six security and privacy standards in Publication 1345, Handbook for Authorized IRS e-file Providers of Individual Income Tax Returns. In addition, you fall under the PTIN and 4557 mandates if you prepare tax returns. Learn how to fulfill your obligations by participating in this session.

Regardless of size, most public accounting firms are mandated to have a written security plan in place. Failing to have such a plan in place can lead to substantial fines. Join us in this session to learn what your security plan should include and how to implement it.

Highlights

Understand the need to protect client data
Learn about the required security and privacy standards
Leave with a sample plan to consider your tax practice

Prerequisites

Fundamental knowledge of tax return preparation processes and cybersecurity issues and risks

Designed For

Public practitioners who desire to learn more about specific security requirements imposed on firms and how to comply with them

Objectives

List examples of basic security steps and how to take them
Identify the signs of data theft and how to report data theft
List examples of how to respond and recover from a data loss
Identify examples of specific compliance issues found in the FTC Safeguards Rule