Data Security Breach at IRS Disrupts Taxpayers (Massachusetts Tax Alert)

Date: 
Wednesday, May 27, 2015

The Internal Revenue Service (IRS) announced on Tuesday, May 26, 2015 that criminals had fraudulently obtained the tax returns and account information of more than 100,000 taxpayers. The criminals used this information to file fraudulent tax returns. The IRS paid nearly $50 million in refunds before it detected the scheme. Download our analysis of the effect of the breach to taxpayers and tax professionals below.