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Tax Prep Firms

All articles tagged with #tax prep firms

Tax Prep Sites Exposed Users' Data to Meta and Google
technology2 years ago

Tax Prep Sites Exposed Users' Data to Meta and Google

Tax preparation companies such as H&R Block, TaxAct, and TaxSlayer may have violated privacy laws by sharing sensitive personal and financial data of millions of taxpayers with tech giants like Meta (formerly Facebook) and Google, according to a Congressional report led by Sen. Elizabeth Warren. The report reveals that the companies used tracking codes, such as Meta Pixel, to share data including names, email addresses, income, filing status, refund amounts, and more. While the companies claim the data was anonymous, the report suggests it could easily be used to identify individuals for targeted advertising or other purposes. The lawmakers are calling for investigations and potential legal action, emphasizing the need for the IRS to develop its own secure online tax filing system to protect taxpayer privacy.

Lawmakers Demand Investigation into Tax Prep Firms Sharing Customer Data with Google and Meta
technology2 years ago

Lawmakers Demand Investigation into Tax Prep Firms Sharing Customer Data with Google and Meta

Lawmakers, led by Senator Elizabeth Warren, are urging the Biden administration to investigate tax prep software companies for potentially illegally sharing customer data with tech giants Google and Meta (formerly Facebook). The lawmakers' probe, which builds on previous reporting, revealed that sensitive financial information from millions of taxpayers was shared with these tech firms through tax prep software. The lawmakers argue that both the tax prep companies and tech platforms were "reckless" in handling this sensitive information. They believe that the tax prep companies may have violated taxpayer privacy laws, potentially resulting in criminal penalties. The lawmakers also called for new policies to prevent similar issues in the future.