Publication 4557

Publication 4557

A pamphlet published by the IRS outlining various steps a business can take to protect its taxpayer information. It also summarizes various laws and regulations governing the privacy rights that taxpayers have.
References in periodicals archive ?
The IRS provides specific guidance for tax professionals to prevent and respond to such attacks, including IRS Publication 4557, Safeguarding Taxpayer Data: A Guide for Your Business (2018).
Create a data security plan using IRS Publication 4557, Safeguarding Taxpayer Data, and Small Business Information Security The Fundamentals, by the National Institute of Standards and Technology.
IRS Publication 4557, Safeguarding Taxpayer Data -A Guide for Your Business (http://bit.ly/21Qs84K.) is a downloadable 20-page booklet that includes tips for starting the process of securing taxpayer data, such as assigning an individual to be responsible for safeguards, making a list of storage locations, and creating a written plan.
The AICPA formerly provided a Privacy Checklist for CPA Firms, and the IRS has issued Publication 4557, Safeguarding Taxpayer Data: A Guide for Your Business.
Similar to the AICPA checklist, Publication 4557, which was issued last year, contains considerations for protecting client data.
IRS Publication 4557, Safeguarding Taxpayer Data, is a good resource that includes an action checklist for ensuring data security.
The IRS has outlined steps for tax preparers to take that will reduce the risk of data breaches impacting clients in Publication 4557, Safeguarding Taxpayer Data (http://bit.ly/2fQs84K).
Publication 4557 contains an extensive checklist to ensure that all necessary steps have been taken to safeguard client information; however, breaches may occur despite all safeguards, so it is essential to have a data breach response plan in place as well.
Fact Sheet 2016-23, Tax Professionals: Protect Your Clients; Protect Yourself from Identity Theft, urges preparers to follow the security recommendations found in Publication 4557, Safeguarding Taxpayer Data.
Publication 4557, "Safeguarding Taxpayer Data," a 12-page booklet that explains how to protect taxpayer data and report breaches, includes a thorough checklist plus links to standards and best practices.
The IRS provides a comprehensive road map to reducing risk in IRS Publication 4557, Safeguarding Taxpayer Data.