Wednesday December 14, 2022 – Remember last year when Pro Publica revealed the confidential tax information of some of the wealthiest Americans? Remember how the IRS pledged to “get to the bottom” of the crime and expose those who violated the law. Well, that never happened. Those criminals are still at large, and probably still working for the IRS.
One of those Wealthy Americans is Ken Griffin, CEO of Citadel. Mr. Griffin has given up waiting for action from the IRS, he filed a federal lawsuit naming the Internal Revenue Service and the United States Treasury as defendants.
The Complaint alleges the IRS violated its “legal obligations to safeguard and protect his information from unauthorized disclosure,” and willfully and intentionally failing to “establish appropriate administrative, technical or physical safeguards”
Further, the complaint states “IRS personnel exploited the IRS’s willful failure to establish adequate administrative, technical, and physical safeguards for the IRS’s data and records systems to misappropriate confidential tax return information for the highest earning U.S. taxpayers, including Mr. Griffin, and then unlawfully disclosed those materials to ProPublica for publication.”
Attorney Steven A. Leahy reviews this story on Today’s Tax Talk.