The Internal Revenue Service (IRS) published a set of Frequently Asked Questions (FAQs) related to the Large Business and International (LB&I) Taxpayer Digital Communication Secure File Sharing – Secure Messaging (TDC SFS-SM) system. This is an IRS approved web-based messaging system that allows for the secure exchange of sensitive information with taxpayers and their Powers of Attorneys (POAs) in the event of an LB&I audit. It was established during the COVID-19 period and is now intended to be a permanent solution to address the needs of the LB&I to exchange digital information with users in a secure manner.
Check out the TDC SFS-SM FAQs here:
https://www.irs.gov/pub/irs-pdf/p5593.pdf
Make sure to follow Comply Exchange for more useful updates like this! Or subscribe to the Comply Catch-up for a full industry round-up at the end of each month! https://www.complypro.com/comply-catchup/