BarbriSFCourseDetails
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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Tax Preparer

Date & Time
  • event Date

    Tuesday, May 12, 2020

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    110 minutes

Credit Information

  • BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

$197.00

This course is $0 with these passes:

CPE
ALL

This course will provide tax preparers and advisers with the knowledge needed to protect sensitive client data and their computer systems and comply with the new IRS data security requirements.

Faculty

Joseph Lazzarotti
Principal
Jackson Lewis P.C.

Mr. Lazzarotti’s practice focuses on the matrix of laws governing the privacy, security and management of data, as well as the impact and regulation of social media. He founded and currently helps to lead the firm's Privacy, e-Communication and Data Security Practice, edits the Firm’s Privacy Blog, and is a Certified Information Privacy Professional.

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Nancy D. Lieberman
General Counsel
Anchin, Block & Anchin

Ms. Lieberman has counseled C-suite officers and company boards in matters ranging from strategic planning, risk management and governance issues to regulatory and other compliance - developing corporate policies, procedures and programs to address issues related to everyday operations, while advising on complex transactions that facilitate growth. She has completed over 100 transactions valued at over $1B across multiple states and countries in various industries, including professional services, manufacturing, distribution, franchising, and software and other licensing.

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Description

Tax advisers regularly receive sensitive personal data from clients. Protecting taxpayer data is more than just good business; federal law requires a written data security plan. The Federal Trade Commission requires tax return preparers to create and enact security plans to protect client data.

The IRS released A "Taxes-Security-Together" checklist that provides six steps for protecting computers, emails, and sensitive taxpayer data. These steps include using two-factor authentication, firewalls, and anti-virus software. Publication 4557, Safeguarding Taxpayer Data, also issued by the IRS, is a guide for businesses on implementing safeguards and responding to data security breaches.

On top of the federal requirements, several states have implemented standards that require firms to ensure the safety of customer data. New York recently enacted the SHIELD Act, Stop Hacks and Improve Electronic Data Security. Practitioners need to ensure compliance with current guidelines and take the most effective steps to ensure the safety of their computer networks and their clients' data.

Listen as our panel of experts explains the FTC and IRS Data Security Requirements and the best steps advisers can take to ensure they are compliant.

Outline

  1. Cybersecurity: an overview
  2. The Federal Trade Commission' safeguards rule
  3. IRS Publication 4557, Safeguarding Taxpayer Data
  4. Practical steps
  5. State requirements

Benefits

The panel will review these and other critical requirements:

  • Practical steps firms can take to safeguard client data
  • Satisfying federal data security requirements
  • States with data security mandates
  • Meeting Federal Trade Commission compliance requirements

NASBA Details

Learning Objectives

After completing this course, you will be able to:

  • Identify items on IRS's security checklist
  • Ascertain when additional security measures are needed
  • Determine FTC security requirements
  • Decide steps to take to protect clients' data

  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite: Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of pass-through taxation, including taxation of partnerships, S corporations and sole proprietorships, qualified business income, net operating losses and loss limitations; familiarity with net operating loss carry-backs, carry-forwards and carried interests.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

Strafford is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).