IRS unable to locate millions of tax records

Aug 17, 2023

Wow, did you see this article in the press? The IRS his unable to locate millions of tax records!  Frightening!

The agency said underfunding forced it to redirect employees responsible for inventories to other jobs. As part of a review of the IRS’ mandatory storage of old tax records in microfilm backup cartridges, the Treasury Inspector General for Tax Administration said in a report released Thursday that it found significant deficiencies in safeguarding and accounting for millions of tax records that contain sensitive taxpayer information.

IRS Wage and Investment Commissioner Kenneth C. Corbin said in a letter in response to TIGTA’s report that persistent underfunding of the agency had forced it to redirect employees responsible for the cartridge inventories to higher priorities.

Corbin said the agency is still working through shipments of tax records to submission processing centers across the nation and that officials are “confident that as the backlog of non-tax documents is processed, the remaining cartridges will be incorporated.”

I dont know about you but this does not give ma warm and fuzzy feeling about the security of my information, how about you?

Yet another reminder that filing electronically is safer than mailing in tax returns.

If you have any questions or concerns, please do reach out to me. We are coming up on 2022 final corporate filing deadline, don’t miss this one!


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