Protect Your Clients, Protect Yourself: Tax Security 101
Earn one CE credit – Category: Federal Tax
Sponsored By: Internal Revenue Service
Date: October 24, 2018
2 p.m. Eastern Time,
1 p.m. Central Time,
12 p.m. Mountain
11 a.m. Pacific Time
As cybercriminals step up their efforts to breach the offices of tax professionals, this webinar provides an overview to basic security safeguards that ALL tax professionals AND their employees should take to secure taxpayer data. It will exam common security threats and tactics, signs of a data theft and how to report taxpayer data theft to the IRS.
In plain language, it will review what basic steps to take and how to take them. It also highlights all professional tax preparers’ obligations to create written information security plan. And, tax professionals can hear about the experiences and security recommendations from one of their own colleagues.
This Web-Conference will cover the following topics:
This webinar caps a summer-long awareness initiative by the IRS, state tax agencies and the tax community.
Feel Free to SHARE this free CPE course with other tax professionals by clicking the Facebook Share Button below this post. To join our free CPE mailing list (for tax professionals) go HERE.
How to verify an IRS employee, plus other helpful IRS numbers to have pinned to your desk. These numbers were provided by the IRS Office of Enrolled Agent Policy and Management on 9/2018. Tax pros, feel free to share with other tax pros!
The Sales Tax nightmare of the Wayfair Decision continues. Colorado is now forcing out-of-state retailers to apply for a sales tax license. Colorado literally has HUNDREDS of taxing jurisdictions, each with their own rules and reporting requirements. They’re counting on retailers not being able to hire attorneys and go through the state court systems.
Many tax professionals are suggesting that all small retailers without a physical nexus in Colorado block all future online sales anywhere inside the state until tax relief is passed. The repercussions of inadvertently creating a sales tax nexus in Colorado could be catastrophic for a small retailer without nexus in the state; the reporting requirements and taxing rules are mind-boggling in their complexity. Colorado may even try to impose RETROACTIVE taxation, which could be disastrous for any retailer that has done past business in the state without a physical nexus.
Please warn your clients that do business online not to get caught out by Colorado--it is safer for now to cease doing business in the state altogether.