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 ?
IRS Publication 4557, Safeguarding Taxpayer Data -A Guide for Your Business (http://bit.
IRS Publication 4557, Safeguarding Taxpayer Data, is a good resource that includes an action checklist for ensuring data security.
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.
Publication 4557 list three categories of safeguards that a tax return preparer may use to protect a clients' information: management, operational, and technical.
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.
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.
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.
The IRS provides a comprehensive road map to reducing risk in IRS 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.