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Brennan Smith

Simplify Compliance of New Security Requirement for CPA License

Now for 2020, the FTC Safeguards Rule requires every tax professional, whether you are a partner in a large firm or a sole practitioner, and every Authorized IRS e-File Provider, to create and enact security plans to protect client data.

The new IRS Form W-12: Paid Preparer Tax Identification Number (PTIN) for Application and Renewal now includes a legal requirement for data protection:

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