What tax professionals should know about creating a data security plan

IRS Tax Tip 2019-119, August 29, 2019

Tax pros must create a written security plan to protect their clients’ data. In fact, the law requires them to make this plan.

Creating a data security plan is one part of the new Taxes-Security-Together Checklist. The IRS and its Security Summit partners created this checklist. It helps tax professionals protect sensitive data in their offices and on their computers.

Many tax preparers may not realize they are required under federal law to have a data security plan. Each plan should be tailored for each specific office. When creating it, the tax professional should take several factors into consideration. This includes things like the company’s size, the nature of its activities, and the sensitivity of its customer information.

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