Based on Internal Revenue Service data, tax collections under President Biden have skyrocketed compared to those under former President Donald Trump. Biden has also increased tax enforcement efforts.
Officials said Friday that the Internal Revenue Service unintentionally released sensitive information pertaining to around 120,000 people before finding the issue and removing the material from its website.
Additionally, the IRS disclosed that in addition to sharing Form 990-T information with charities, they also accidentally shared data about taxpayers’ IRAs. The disclosures included these IRAs’ names, contact information, and income-related financial information. It did not include Social Security numbers, complete individual income information, or any other information that may harm a taxpayer’s credit, the Treasury Department found, according to the letter sent Friday to senior members of Congress.
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