On Friday, officials from Treasury Department announced that the Internal Revenue Service (IRS) had accidentally published confidential information pertaining to approximately 120,000 taxpayers’ retirement accounts on its website.
“This letter provides notice that the Internal Revenue Service recently identified an inadvertent and now-corrected disclosure of a subset of Forms 990-T,” Acting Secretary Anna Canfield Roth wrote in a letter addressed to Homeland Security Chairman Thompson.
“Federal Information Security Modernization Act (FISMA) requires this report to Congress “not later than seven days after the date on which there is reasonable basis to conclude that a major incident has occurred.”
The IRS determined on Friday, August 26, that the inadvertent disclosure met this threshold,” the letter stated.
“Form 990-T is the business tax return used by tax-exempt entities, including tax-exempt organizations, government entities, and retirement accounts, to report and pay income tax on income that is generated from certain investments or income unrelated to their exempt purpose,” the letter explained.