Ethics and Safeguarding Taxpayer Data Per WISP

Description

Circular 230 section 10.36 covers Confidential Client Information which  in conjunction with Treas. Reg. 301.7216-1 outlines the rules issued by  IRS regarding professional standards for tax professionals to safeguard  all client digital data. This class will be a practitioner’s workshop to  develop a Written Information Security Plan (WISP) for your tax office  given the ubiquitous nature of technology required to operate the modern  tax office. During the class we will review parts of IRS Pubs 1345,  4557, 4707 and 5293 on the subject, trying to make this subject  practical for all tax professionals using a panel of presenters and  engaging the audience. Given the endless warnings of tax scams and data  breaches (most recently at the IRS), we must remain vigilant and protect  our offices from data hacks with WISP and other prudent actions to  combat the cyber risk threat.

Learning Objectives

1)  Understand the potential risk you face…