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Tax Preparation Companies

All articles tagged with #tax preparation companies

politics2 years ago•4 min saved

DOJ Urged to Investigate Democrats' Alleged Taxpayer Data Breach

Senate Democrats, including Elizabeth Warren and Bernie Sanders, are calling for a Department of Justice investigation into the "outrageous, extensive and potentially illegal sharing of taxpayers' sensitive personal and financial information" with Meta by online tax preparation companies. A 54-page report released by the lawmakers revealed that tax prep companies used computer code to send data to tech giants like Meta and Google, potentially violating taxpayer privacy laws. The companies claim the shared data was anonymous, but experts argue it could be used to identify individuals or for targeted advertising. The lawmakers are urging prosecution if any company or individual violated the law.

via Fox Business|

#democrats #department-of-justice #politics

technology2 years ago•7 min saved

"Sen. Elizabeth Warren Expresses Concern Over Google and Meta's Data Collection from Tax Prep Companies"

Tax preparation companies such as TaxAct, H&R Block, and TaxSlayer have been found to have shared taxpayers' data with Big Tech companies like Meta and Google through tracking pixels on their websites, potentially violating privacy laws. A congressional report revealed the extent of this data collection and sharing, highlighting the lack of privacy regulations in place. The report called for investigations and prosecutions of companies that broke the law, as well as the expansion of the IRS' free, direct-file program to protect taxpayers' privacy. The tax prep companies claimed that the data shared was anonymized, but the report found that it could be reidentified. Comprehensive privacy legislation and direct e-filing with the IRS could help address these privacy concerns.

via Vox.com|

#big-tech #congressional-inquiry #data-privacy