SECURITY SUMMIT: STRENGTHEN DEFENSES AGAINST TAX IDENTITY THEFT

WASHINGTON, Sept. 4 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following IRS Employee Plans News:

The Internal Revenue Service and the Security Summit today urged tax professionals and taxpayers to strengthen defenses against tax-related identity theft.

In the fourth installment of the "Protect Your Clients; Protect Yourself" summer series, the IRS and Security Summit partners highlight the benefits of multifactor authentication (MFA), Identity Protection PINs, and secure IRS online accounts. Under the Federal Trade Commission's Safeguards Rule, tax preparation firms must use multifactor authentication to protect access to customer information, unless a Qualified Individual approves in writing an equivale...