Security Compliance

Most tax professionals focus on precision, ethics, and client service. They study the changing tax code, navigate complex filings, and protect financial information entrusted to them by individuals and business owners. Yet one of the most serious risks in the tax industry is not a miscalculated return or a missed deadline. It is the failure to properly protect taxpayer information in accordance with federal law. IRC section 7216 and its corresponding regulations are among the

The updated Safeguards Rule, published under 16 CFR Part 314, was developed pursuant to the Gramm Leach Bliley Act. This federal framework requires any business that meets the definition of a financial institution to implement administrative, technical, and physical safeguards that protect customer information from unauthorized access or misuse.