Post by M. Hawbaker on Sept 3, 2022 13:39:26 GMT
The Internal Revenue Service on Friday acknowledged it mistakenly published confidential information about 120,000 taxpayers on its website.
The compromised data — including names, contact information, and financial information about IRA income — came from Form 990-T, according to the Wall Street Journal. The form is a tax-return document that is required for people with individual retirement accounts who earn certain types of business income within those retirement plans, such as IRAs invested in master limited partnerships, real estate, or other assets that generate income.
The agency’s acknowledgement of the error comes amid concern from Republican lawmakers that an injection of $80 billion in funding to the agency under Democrats’ recent reconciliation bill will go toward targeting low- and middle-income households with more audits.
www.yahoo.com/news/irs-inadvertently-publishes-120-000-234841222.html
The compromised data — including names, contact information, and financial information about IRA income — came from Form 990-T, according to the Wall Street Journal. The form is a tax-return document that is required for people with individual retirement accounts who earn certain types of business income within those retirement plans, such as IRAs invested in master limited partnerships, real estate, or other assets that generate income.
The agency’s acknowledgement of the error comes amid concern from Republican lawmakers that an injection of $80 billion in funding to the agency under Democrats’ recent reconciliation bill will go toward targeting low- and middle-income households with more audits.
www.yahoo.com/news/irs-inadvertently-publishes-120-000-234841222.html
Heads should roll for that 'inadvertent' error! 