2006/03/22

IRS Prepares The Mother Of All Privacy Violations

It's a dangerous world out there. Fraudsters, identity thieves, data aggregators all pose a risk to you and your financial health. But now, as if having to shred practically everything that comes into your mailbox weren't enough, the IRS is planning to unzip your financial fly for you. The Philadelphia Inquirer notes -
The IRS is quietly moving to loosen the once-inviolable privacy of federal income-tax returns. If it succeeds, accountants and other tax-return preparers will be able to sell information from individual returns - or even entire returns - to marketers and data brokers.
Your entire return!? Is the IRS f*cking insane?! There are a lot of ways to get your identity stolen, but this has to be the biggest potential giveaway the would-be identity thief ever conceived. Think about it for a second. Not only does your return contain ever important piece of personal data that matters--including your SSN--it can also contain: 1) Your bank account numbers (in case your used direct transfers for your refund or payment); 2) Credit-card numbers (You know you can pay with a credit-card right?); 3) Enough financial information to give a data aggregator a wet dream.

And do we think that the IRS will draft rules sufficient to keep those returns safe and sanitized? WE DO NOT! In fact, what they'll probably do is draft a bunch of rules that the Quickens, H&R Blocks, and Kiplingers will blithely ignore in their rush to mine this vein of gold.

I've got nothing left to say. This is so F*CKING brain-dead, the mind boggles.

8 Comments:

The anti-privacy movement should be antithetical to the republican leadership, but surprise, they are leading it! WTF?
They almighty dollah rules the repubes..this news although frightening fits right in with their agenda..

bastages..
Mother Mary and Jozuf... Anything for a dollar in America...
Mother Mary and Jozuf... Anything for a dollar in America...

Unfortunately this is getting ignored by the MSM, and they probably won't pick it up until it's too late--as in H&R Block just happens to let out a 100,000 or so SSNs "by mistake".
AAAAAAAAAAAAAUGH!
Kvatch- this is outrageous! I have to look into this, I must admit I did not know about this.... holy shit. This is bad.
Alicia!! Wow!
Kvatch- this is outrageous!

Yeah, I know. We're finally seeing some traction in the MSM on this. I believe that WaPo covered this yesterday evening...fully two days after it broke in the Philadelphia Inquirer.

Alica...good to see you around here again!

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