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February 28, 2016

IRS Raises Taxpayer Data Theft For Second Time To 720,000 Filers

The IRS for the second time has revised the estimated damage of a big theft of American taxpayer data; it now thinks 720,000 taxpayers have had their information stolen, according to CNN.

 

In May of 2015, the IRS reported that fraudsters used a tool on its website to access the tax forms of 104,000 people. In August, the agency revised the number to 330,000 people.

Investigation Uncovers More Thefts

Yesterday, the IRS said the number is closer to 720,000 following a nine-month investigation by the U.S. Treasury Inspector General of Tax Administration. The investigators found an additional 390,000 taxpayer accounts had been compromised. The criminals [...]

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