The Internal Revenue Service (IRS) confirmed that it accidentally exposed the confidential data of about 120,000 individuals on its website. The information has since been removed.
The data exposed was from Form 990-T, filed by individuals with individual retirement accounts (IRAs) who earn some type of business income, aside from securities, from their retirement plans.
Individual tax filings are supposed to be private. However, charities with unrelated business income also file Form 990-T and their filings are usually made public.
In a letter to Congress on Friday, the Treasury Department said that the data that was exposed was names, contacts, and financial data related to the income earned through the IRAs. Read more…
