Remember that PTIN Holders Need a Data Security Plan

Practitioners, you can now obtain or renew your IRS preparer tax identification number (PTIN) for the upcoming filing season. Since TXCPA is receiving inquiries, it is a good time to highlight that the PTIN application includes a checkbox for practitioners to attest to having a Written Information Security Plan (WISP) on file – a document that details a firm’s security controls, processes and policies to protect client data. The WISP requirement is in accordance with the Federal Trade Commission’s Safeguards Rule.

Fortunately, the IRS has released a template for tax preparers to use, Creating a Written Information Security Plan for your Tax & Accounting Practice. If you have additional questions or application issues, call the IRS’ PTIN Account Information Line at 877-613-7846, available 8 a.m. – 5 p.m. (CT).

Current PTINs expire Dec. 31.

More information:

Security Summit releases new data security plan to help tax professionals; new WISP simplifies complex area

Here’s what tax professionals should know about creating a data security plan

Contact the Return Preparer Program

Publication 4557, Safeguarding Taxpayer Data

Publication 5293, Data Security Resource Guide for Tax Professionals

Identity Theft Information for Tax Professionals