Course Description:

The "Safeguarding Taxpayer Data" course provides essential knowledge for tax professionals on how to protect sensitive client information. The course delves into the critical importance of data security, legal compliance, and best practices for safeguarding taxpayer data. Through practical guidance and real-world examples, participants will learn how to mitigate risks, respond effectively to data breaches, and maintain compliance with the FTC Safeguards Rule and IRS guidelines.

This course is designed to equip tax professionals with the tools and knowledge necessary to build trust with clients, ensure compliance, and maintain the integrity of their practices.
 

This course is in an audio format.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Understand the importance of safeguarding taxpayer data and the potential consequences of data breaches, including legal, financial, and reputational impacts.
• Identify legal requirements such as the FTC Safeguards Rule and IRS compliance standards.
• Apply basic security practices, including recognizing phishing attempts, creating data security plans, and managing passwords effectively.
• Utilize advanced tools like encryption, firewalls, and VPNs to secure networks and data.
• Develop and maintain an information security plan tailored to business needs and regulatory requirements.
• Implement procedures for incident management, including reporting breaches and recovering from data loss.
• Train employees in secure data handling practices and enforce policies to maintain confidentiality and system integrity.
• Monitor and regularly update security measures to address evolving cyber threats and risks.