Overview
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Publication 4557: Safeguard taxpayer data
5 mins
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IRS Publication 5293 - Data security resource guide for tax professionals
31 mins
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Protect your client, Protect yourself
40 mins
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Signs of client data theft
50 mins
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National tax security awareness week
66 mins
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Theft of economic impact payments
82 mins
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IRS dirty dozen - 2021 edition
97 mins
Course Description
The annual global cost of cybercrime is high and getting higher all the time. In the United States alone, the FBI received reports of 467,361 complaints involving $3.5 billion in 2019.
Certain business organizations, among which are those referred to as “financial institutions,” are charged by the FTC with taking particular steps to protect their customers’ financial information. Included in the category of financial institutions are professional tax preparers.
Professional tax preparers normally maintain a significant amount of taxpayer information in various files—electronic and paper—that would be treasured for cybercriminals. We have heard of many fellow tax professionals who have been hit with Ransomware attacks or had their computer networks hacked.
As tax professionals, we seem to be under constant assault from cyberhackers.
Did you notice that when you renewed your PTIN, you had to answer the question about protecting your data security?
What are your legal obligations to protect our data and the clients' data?
What can we do and what should we do?
This CPE course will answer all such questions related to data security for tax professionals.
Following are the major topics covered in this CPE webinar:
- Safeguarding taxpayer data
- Review IRS Publication 4557
- Protect your clients, protect yourself
- What have we learned from the latest IRS Security Summit
- IRS Identity Protection PIN
- Identity Theft Affidavit
- Cybersecurity Insurance
Learning Objectives
- To discuss how to affirmatively answer the PTIN renewal question regarding protecting data security.
- To explain what steps to take to safeguard taxpayer data.
- To discuss the latest update for the IRS Security Summit.
- To analyze our obligations in case of a data breach.
- To investigate what to do when your client's identity has been compromised.
- To analyze if you need Cybersecurity Insurance.
Recommended For
- This Online Continuing Professional Education E-Book Course is recommended for CPAs, CISM, CITP, CISA, EA, Tax Preparers, and Other Tax Professionals who desire to ensure data security for their clients.
Who Should Attend?
- Certified Management Accountant (CMA)
- Certified Public Accountant (CPA)
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Young CPA