IRS Warned about Protecting Taxpayer Information on Health Exchanges
The Internal Revenue Service needs to go to greater lengths to safeguard taxpayer information on health insurance exchanges, according to a new government report.
The report, from the Treasury Inspector General for Tax Administration, noted that the IRS is authorized to disclose limited tax information to the health insurance exchanges and marketplaces that were created under the Affordable Care Act when an applicant is seeking financial assistance to buy health coverage. To protect the confidentiality of federal tax information, the IRS has established safeguards that the exchanges are supposed to use. Read more on Accounting Today.