To foster a tax system based on voluntary compliance, the public must maintain a high degree of confidence that the personal and financial information maintained by the Internal Revenue Service (IRS) is protected against unauthorized use, inspection, or disclosure. IRS Publication 1075 provides guidance to ensure the policies, practices, controls, and safeguards employed by recipient agencies, agents, or contractors adequately protect the confidentiality of Federal Tax Information (FTI). FTI is defined by the IRS as any return or return information received from the IRS or secondary source (e.g. Social Security Association).
Publication 1075, Tax Information Security Guidelines for Federal, State and Local Agencies and Entities provide very detailed audit requirements. Publication 1075 documents the managerial, operational, and technical security controls that must be implemented as a condition of receipt of FTI. IRS has mapped the IRS Publication 1075 control requirements to the National Institute of Standards and Technology (NIST) control requirements (NIST SP 800-53).
Schneider Downs specializes in the implementation and ongoing support of IRS Publication 1075 programs that align with this IRS publication. We apply a risk-based, top-down approach that drives both efficiency and effectiveness into the programs.
Schneider Downs’ dedicated IT, financial and operational audit professionals have experience working with a wide variety of industries of all sizes. We partner with you to assist your company in complying with the IRS Publication 1075 requirements.
Schneider Downs’ team of experienced risk advisory professionals focus on collaborating with your organization to identify and effectively mitigate risks. Our goal is to understand not only the risks related to potential loss to the organization, but to drive solutions that add value to your organization and advise on opportunities to ensure minimal disruption to your business.
To learn more, visit our dedicated IT Risk Advisory page.
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Schneider Downs is a Top 60 independent Certified Public Accounting (CPA) firm providing accounting, tax, audit and business advisory services to public and private companies, not-for-profit organizations and global companies. We also offer Internal Audit; Technology Consulting; Software Solutions; Personal Financial Services; Retirement Plan Solutions and Corporate Finance Services. Schneider Downs is the 13th largest accounting firm in the Mid-Atlantic region and serves individuals and companies in Pennsylvania (PA), Ohio (OH), West Virginia (WV), New York (NY), Maryland (MD), and additional states in the United States with offices in Pittsburgh, PA, Columbus, OH, and McLean, VA.
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