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FTC SafeguardsRule, IRS requirements, and tax preparers

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Manage episode 362537475 series 2981977
Content provided by qpcsecurity. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by qpcsecurity or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The IRS regulations for tax preparers being compliant with the FTC Safeguards rule is specified to be enforced starting in June 2023. It is doubtful that the majority of tax preparers are adequately compliant.

The IRS published information about this compliance requirement as far back as 2019.

https://www.irs.gov/newsroom/heres-what-tax-professionals-should-know-about-creating-a-data-security-plan

All of it is common sense and things that orgs should have been doing for ages.

IRS publication 4557

https://www.irs.gov/pub/irs-pdf/p4557.pdf

Before you use a tax preparer, ask them for their compliance certification statement.

Practical examples of what to ask of your tax preparer and why

https://qpcsecurity.podbean.com/e/business-survival-over-the-next-decade/

More information on this topic from Joe Brunsman, cybersecurity insurance expert.

https://youtu.be/NOY249doJXg

  continue reading

96 episodes

Artwork
iconShare
 
Manage episode 362537475 series 2981977
Content provided by qpcsecurity. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by qpcsecurity or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

The IRS regulations for tax preparers being compliant with the FTC Safeguards rule is specified to be enforced starting in June 2023. It is doubtful that the majority of tax preparers are adequately compliant.

The IRS published information about this compliance requirement as far back as 2019.

https://www.irs.gov/newsroom/heres-what-tax-professionals-should-know-about-creating-a-data-security-plan

All of it is common sense and things that orgs should have been doing for ages.

IRS publication 4557

https://www.irs.gov/pub/irs-pdf/p4557.pdf

Before you use a tax preparer, ask them for their compliance certification statement.

Practical examples of what to ask of your tax preparer and why

https://qpcsecurity.podbean.com/e/business-survival-over-the-next-decade/

More information on this topic from Joe Brunsman, cybersecurity insurance expert.

https://youtu.be/NOY249doJXg

  continue reading

96 episodes

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