Tax Security 101: Security Summit outlines data theft reporting process for tax professionals; speed helps protect taxpayers

IR-2018-185, Sept. 11, 2018

IR-2018-185, Sept. 11, 2018

WASHINGTON — The Internal Revenue Service and its Security Summit partners today reminded tax professionals that they should report data theft immediately and follow an established process for helping the IRS protect their clients.

WASHINGTON — The Internal Revenue Service and its Security Summit partners today reminded tax professionals that they should report data theft immediately and follow an established process for helping the IRS protect their clients.

If notified timely, the IRS can help stop fraudulent tax returns being filed in clients’ names, which otherwise might delay legitimate tax refunds. This action to help protect taxpayers requires the cooperation of the tax professional with the IRS.

If notified timely, the IRS can help stop fraudulent tax returns being filed in clients’ names, which otherwise might delay legitimate tax refunds. This action to help protect taxpayers requires the cooperation of the tax professional with the IRS.

This is the conclusion of a 10-part series called “Protect Your Clients; Protect Yourself: Tax Security 101.” The Security Summit awareness campaign by the IRS, states and the private-sector tax community is intended to provide tax professionals with the basic information they need to better protect taxpayer data and to help prevent the filing of fraudulent tax returns.

This is the conclusion of a 10-part series called “Protect Your Clients; Protect Yourself: Tax Security 101.” The Security Summit awareness campaign by the IRS, states and the private-sector tax community is intended to provide tax professionals with the basic information they need to better protect taxpayer data and to help prevent the filing of fraudulent tax returns.

Although the Security Summit is making progress against tax-related identity theft, cybercriminals continue to evolve, and data thefts at tax professionals’ offices are on the rise. Thieves use stolen data from tax practitioners to create fraudulent returns that are harder to detect.

Although the Security Summit is making progress against tax-related identity theft, cybercriminals continue to evolve, and data thefts at tax professionals’ offices are on the rise. Thieves use stolen data from tax practitioners to create fraudulent returns that are harder to detect.

Should a tax professional experience a data compromise – whether by cybercriminals, theft or accident – there are certain basic steps to take. These include:

Should a tax professional experience a data compromise – whether by cybercriminals, theft or accident – there are certain basic steps to take. These include:

The Security Summit partners urge all tax professionals to help avoid data thefts by taking the appropriate precautions detailed during this 10-week education and awareness campaign for tax professionals.

The Security Summit partners urge all tax professionals to help avoid data thefts by taking the appropriate precautions detailed during this 10-week education and awareness campaign for tax professionals.

The objective of “Protect Your Clients, Protect Yourself: Tax Security 101” is to ensure all tax professionals, whether a one-person shop or a major firm, understand the risk posed by national and international criminal syndicates, take the appropriate steps to protect their clients and business and understand the laws around their obligation to secure that data.

The objective of “Protect Your Clients, Protect Yourself: Tax Security 101” is to ensure all tax professionals, whether a one-person shop or a major firm, understand the risk posed by national and international criminal syndicates, take the appropriate steps to protect their clients and business and understand the laws around their obligation to secure that data.

The Security Summit reminds all tax professionals that they must have a written data security plan as required by the Federal Trade Commission and its Safeguards Rule. Get help with security recommendations by reviewing the recently revised IRS Publication 4557, Safeguarding Taxpayer Data, and Small Business Information Security: the Fundamentals by the National Institute of Standards and Technology.

The Security Summit reminds all tax professionals that they must have a written data security plan as required by the Federal Trade Commission and its Safeguards Rule. Get help with security recommendations by reviewing the recently revised IRS Publication 4557, Safeguarding Taxpayer Data, and Small Business Information Security: the Fundamentals by the National Institute of Standards and Technology.

Publication 5293, Data Security Resource Guide for Tax Professionals, provides a compilation of data theft information available on IRS.gov. Also, tax pros should stay connected to the IRS through subscriptions to e-News for Tax Professionals, QuickAlerts and Social Media.

Publication 5293, Data Security Resource Guide for Tax Professionals, provides a compilation of data theft information available on IRS.gov. Also, tax pros should stay connected to the IRS through subscriptions to e-News for Tax Professionals, QuickAlerts and Social Media.

To improve data security awareness by all tax professionals, the IRS will host a webinar on Sept. 26, 2018. The focus will be on the same topics as this series: “Protect Your Clients; Protect Yourself: Tax Security 101.” Although tax preparers will be eligible for one CPE credit, the IRS invites others working on tax issues to attend. Protecting taxpayer information takes everyone working together.

To improve data security awareness by all tax professionals, the IRS will host a webinar on Sept. 26, 2018. The focus will be on the same topics as this series: “Protect Your Clients; Protect Yourself: Tax Security 101.” Although tax preparers will be eligible for one CPE credit, the IRS invites others working on tax issues to attend. Protecting taxpayer information takes everyone working together.

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