Data Breach Insurance
I have a PTIN only because on rare occasions I have to sign a 941. I see the IRS is requiring data breach insurance and a written plan. Since I don't efile tax returns, is it necessary for me to have this type of insurance?
Thanks for your feedback.
If you are signing 941 forms for someone else, you need a power of attorney.
Check with your malpractice insurance provider to see if you are already covered for data breach. See https://www.irs.gov/individuals/data-theft-information-for-tax-professionals which contains IRS recommendations but I see nothing about requiring data breach insurnace.