Complying with IRS Publication 4557 and FTC Safeguards Rule: Step-by-Step Guidance for Firms of all Sizes

  • Randy Johnston, CPA, K2 Enterprises
  • Dawn Brolin, CPA, CFE, Powerful Accounting, Inc
  • Steve Perkins, CIO, HoganTaylor LLP
  • Andrew Lassise, CEO, Tech4Accountants

(regular $499)

Please note: On-demand Masterclasses are not eligible for CE or CPE credits.

The FTC Safeguards Rule moved into the “penalty phase on” June 9, 2023. Under the Rule tax preparers, and firms providing services of a financial nature to clients, must implement security plans to protect client data. Failure to do so may result in an FTC investigation including possible stiff penalties.

Combatting today’s cybercriminals takes knowledge, good technology, and training for staff, because data thefts at tax professionals’ offices are on the rise. The requirements are outlined in various publications, including IRS Publication 4557. Any professional who holds a PTIN falls under the Pub 4557 requirements.

The best way for firms to demonstrate compliance with both IRS Pub 4557 and the FTC Safeguards Rule is with a Written Information Security Plan (WISP).

In this 120-minute self-paced Master Class, participants receive expert-led instruction plus over 20 downloadable and editable templates, policies, and guidelines designed to help them quickly create and roll out their WISP.

Major Topics:

  • Learn about the required security and privacy standards under both IRS and FTC Regulations
  • Understand exactly how firms need to protect client data
  • Explore the key roles that staff and clients play in keeping data safe
  • Discover security “holes” present in most firms – and learn how to patch them

Learning Objectives:

  • List examples of basic security steps and how to take them
  • Identify the signs of data theft and how to report data theft
  • Discover the key steps firms need to take to complete and roll out their WISP
  • Leverage templates, policies and guidelines to actually complete the firm’s WISP

Field of Study: Information Technology / Practice Management

Prerequisites: Basic knowledge of tax return preparation processes and cybersecurity issues

Level: Intermediate

Advanced Preparation: None

“The guide and forms are gold to my office. Thank you!”

Mabelle A., EA
Meet the Instructors
Randy Johnston, CPA

Randy Johnston, CPA

Dawn Brolin, CPA, CFE

Dawn Brolin, CPA, CFE

Steve Perkins, CIO, HoganTaylor LLP

Steve Perkins, CIO, HoganTaylor LLP

Andrew Lassise, CEO

Andrew Lassise, CEO

“Eric Green is one of the top tax lawyers in the country. His in depth knowledge along with his ability to make the subject simple makes this guide an indispensable reference for my practice. The guide is clear and concise, and I just loved the client stories! Accountants everywhere will want this Guide in their library.”

Dawn B., CPA

“Informative, authoritative and concise what more could you ask for!!! Attorney Eric Green has been successfully representing taxpayers against the IRS for years and his new Collections Manual contains all the insight necessary to work this business. It is the perfect compendium for professionals who need to quickly get something done – especially when they don’t have time to spare. A superb and easily understandable reference source – I highly recommend it to all practitioners seeking to tighten their knowledge of IRS collection processes, grow this segment of their business and to train staff.”

Harold B., CPA

“WOW!! Eric Green’s The Accountants Guide to IRS Collection covers every aspect of the Federal Collection Process. The book is filled with a HOT TIPS and is a step by step guide to various approaches the resolving your clients collection issues. A must have book in every practitioners office.”

Ray L., EA