Tax & Current Accounting Topics

Working Virtually: make a plan for protecting data and reporting theft


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Working Virtually: make a plan for protecting data and reporting theft; Part 5 of Security Summit tips for tax professionals https://www.irs.gov/newsroom/working

WASHINGTON — The Internal Revenue Service and Security Summit partners today reminded tax professionals that federal law requires them to have a written information security plan.  Amid continuing security threats during COVID-19, the IRS, state tax administrators and the nation's tax industry − working together as the Security Summit − also recommended practitioners create an emergency response plan should they experience a data theft. Contacting the IRS is step one in the plan to quickly protect tax professionals and their clients.

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Tax & Current Accounting TopicsBy Robert (Bob) Steele