$1,000 of statutory minimum damages are due to a taxpayer for each act of unauthorized disclosure by an IRS employee. It estimated that the IRA’s $79.6 billion funding for the IRS would increase federal revenues by $180.4 billion from 2022 to 2031. According to Department of Justice prosecutors, Littlejohn sought work with the IRS in 2017 for the purpose of leaking taxpayer data to the press. [24] The IRA increased the IRS’s budget to implement new third-party reporting programs, acquire data from private-sector data aggregators, and link the data with other IRS data, private-sector [MP3] [WZ4] data, and data within the government. 5, IRS Unauthorized Access, Attempted Access or Inspection of Taxpayer Records (UNAX) Program Policy, Guidance, and Requirements, 10.5.5 (latest available year).

Source: Wall Street Journal July 01, 2024 18:27 UTC