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Make a Difference for Generations to Come

Make a Difference for Generations to Come

Ways You Can Give to Make a Difference

Planned Giving

About Bequests

You may be looking for a way to make a significant gift to help further our mission. A bequest is a gift made through your will or trust. It is one of the most popular and flexible ways that you can support our cause.

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IRA Charitable Rollover

An IRA rollover allows people age 70 1/2 and older to reduce their taxable income by making a gift directly from their IRA.

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Beneficiary Designations

A beneficiary designation gift is a simple and affordable way to make a gift to support our cause. You can designate our organization as a beneficiary of a retirement, investment or bank account or your life insurance policy.

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Charitable Gift Annuities

A charitable gift annuity is a great way you can make a gift to our organization and benefit. You transfer your cash or property to our organization and we promise to make fixed payments to you for life at a rate based on your age.

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Donor Stories

Learn how others have made an impact through their acts of giving to our organization and others. Explore the many benefits of charitable gift planning.

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Gift Options

SeniorServ Volunteer

Find out What to Give and learn about the best assets to make a planned gift. Learn about gifts of cash, securities and property. Learn How to Give and discover gift options that provide tax and income benefits. Discover the best planned gift to meet your goals.

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Tuesday August 20, 2019

Washington News

Washington Hotline

Data Recovery Plans for Tax Professionals

It is helpful to know the IRS requires tax preparers to have a data recovery plan, since many taxpayers use a CPA, attorney, enrolled agent or other tax professional. In letter IR-2019-143, the Service explained the steps tax professionals must take to protect client data. The "Security Six" checklist is published jointly by the IRS and its Security Summit partners.

Step Five on the "Security Six" checklist is for tax professionals to create a data theft security plan. IRS Commissioner Chuck Rettig notes, "The number of tax professionals reporting data theft to the IRS remains too high, and it puts tens of thousands of taxpayers at risk for identity theft. We hope tax professionals will use the Security Summit Checklist as a starting point, not an endpoint, to protect their clients' data - and themselves. "

If your data professional discovers a security breach, there are several steps to follow.
  • Contact IRS and Law Enforcement - When you promptly contact the IRS and law enforcement agencies, the authorities may take action to protect taxpayers. The IRS may be able to protect the named taxpayers from a fraudster who may use the stolen data to file a tax return in order to claim a large refund.
  • Contact State Revenue Office - A tax professional should promptly contact the state tax agency. This would enable the state office to protect named taxpayers from the filing of fraudulent returns and claims for state refunds.
  • Contact Security Expert - An expert computer security engineer can stop further fraudulent activity on your servers. The computer expert will be able to set up improved firewalls and virus protection.
  • Contact Agencies and Clients - The tax professional must contact the Federal Trade Commission and the major credit bureaus. He or she must also send a disclosure letter to clients. The disclosure letter notifies clients of the data breach and encourages them to watch for a false tax return or to be suspicious if they receive an unexpected tax refund.
Editor's Note: The good news is that the IRS Security Summit procedures have greatly reduced taxpayer fraud during the past four years. IRS Commissioner Rettig concluded, "Our objective is to get every tax professional to think about client data security. The Taxes-Security-Together checklist is intended as a starting point, spelling out the basic steps necessary to start a security review."

Published August 16, 2019
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