IRS – Billions Wasted, Data Unprotected

Thursday May 19, 2022 – The IRS is accused of wasting billions of dollars in taxpayer money and failing to protect taxpayer data. Can this be true?

A recent report by the Government Accountability Office (GAO) reported 1,694 investigations into the willful unauthorized access of tax data by IRS employee at the same time lawmakers in a Congressional Hearing accused the IRS of billions in misspent funds, huge processing backlogs, and complaints over poor customer service.

The IRS budget is over $14BILLION dollars this year (plus any supplemental funding). No matter the issue, taxpayers are told these problems should be expected given that the IRS is drastically underfunded and understaffed. A mantra repeated so often, it must be true.

Attorney Steven A. Leahy reports on these matters, and more, on Today’s Tax Talk.

https://www.wataugademocrat.com/news/national/irs-under-fire-over-wasted-billions-of-dollars-and-millions-in-backlogs/article_a152f37f-8585-50dc-a239-f89ccca5380e.html

https://www.accountingtoday.com/news/irs-probed-hundreds-of-cases-of-employees-getting-unauthorized-access-to-taxpayer-data

https://www.kabc.com/2022/05/18/did-you-know-the-irs-budget-is-12000000000-a-year-thats-billion-with-a-b/

https://www.gao.gov/assets/gao-22-105872.pdf