Valuation & Litigation Services Blog

Social Security IRS

Is Your Personal Information Safe with the IRS?

724,000 Taxpayer Accounts at the IRS Were Accessed by Thieves

It’s a sign of the times. Breaches involving the theft of a significant quantity of personal identifying information are beginning to be a common occurrence in our technologically driven world. But one place that you’d think your information may be safe would be with the Internal Revenue Service. Not so fast.

Last May, the IRS disclosed that their “Get Transcript” online application system was hacked. The “Get Transcript” program enabled taxpayers to retrieve information provided to the IRS by third parties. That information would then be used by the IRS to verify information provided by the taxpayer on personal income tax returns.

How many were affected? The number keeps increasing. At least 114,000 taxpayer accounts were initially believed to have been compromised. That number was bumped up to 334,000 in August. Last month, the number of affected accounts was more than doubled to 724,000.

The IRS has mailed notifications to affected taxpayers alerting them to the fact that their personal information may have been criminally accessed.

The hole has been plugged. The IRS “Get Transcript” program has since been suspended.

For more information on income tax fraud, contact Frank Suponcic at 440-449-6800 or

Valuation Considerations When Buying or Selling a Business - Part 2

This entry was posted in Mailchimp RSS, Valuation & Litigation Services and tagged , , , , , , , , , , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post. Comments are closed, but you can leave a trackback: Trackback URL.
© Copyright 2017 Skoda Minotti | Privacy Policy | Disclaimer | Remote Support
Cleveland 440-449-6800 | Akron 330-668-1100 | Tampa 813-288-8826
Website designed and developed by Skoda Minotti Strategic Marketing