Does Your Tax Firm Actually Need a WISP? (IRS Rules for Small Firms)

Описание: The IRS requires paid tax preparers to have a Written Information Security Plan. This is what the rule actually says for a firm of three to twenty-five people - including the exemption that most downloaded templates get wrong.

00:00 Required, not recommended
00:13 Where the rule comes from: GLBA and the FTC Safeguards Rule
00:31 What the written plan has to contain
00:56 Under 5,000 consumers? Four requirements drop away
01:26 The IRS "Security Six"
01:47 Where small firms actually fail
02:06 You confirm this every year on your PTIN renewal
02:22 Next: filling the template in, section by section

Sources: FTC Safeguards Rule (16 CFR Part 314), IRS Publication 4557, IRS Publication 5708, Form W-12.

General information about a published rule. Not legal or tax advice.


Free WISP template (fillable DOCX and PDF, no signup wall):
https://ettex.cloud/wisp

Made by Ettex - a local-first office suite for small firms. https://ettex.cloud