IRS Hack Affects More Than 100,000 Taxpayers While its main computer was unaffected, the agency has shut down the breached application.

By Nina Zipkin

Shutterstock.com

And you thought tax season was stressful.

This week the IRS discovered it had experienced a data breach, according to the AP. Hackers stole the information of more than 100,000 people through online system provided by the agency called "Get Transcript" that lets users view their previous tax returns and other filings. The system was targeted from February to May of this year, with about 200,000 attempts made by the hackers to get the information from the system.

Related: 6 Surprising Places Hackers Hide

To get into the system, the hackers had to know taxpayer's birthdates, tax filing status, address, Social Security numbers and additional personal security questions. Tax returns often have the information of not only the person filing but of their dependents as well.

"We're confident that these are not amateurs but organized crime syndicates that not only we, but others in the financial industry are dealing with" said IRS Commissioner John Koskinen.

Related: 8 Ways to Build a Better Password

Koskinen said in a press conference this week that the "Get Transcript" system had been shuttered for the time being. While this application was hacked, the agency's main computer wasn't affected. The organization estimates that it has processed "fewer than $15,000" of the fraudulent tax returns filled out with this stolen information, leading to $50 million in refunds.

In a statement yesterday, the agency said that it will be sending letters to all 200,000 people involved in the hack (whether the account was breached or it was attempted to be accessed). It is also offering free credit monitoring for those whose information was stolen. The IRS' criminal investigation unit and the treasury inspector general for tax administration are conducting investigations into the breach, and Congress will likely begin holding hearings soon.

Related: How to Respond to a Letter From the IRS? Breathe.

Nina Zipkin

BIZ Experiences Staff

Staff Writer. Covers leadership, media, technology and culture.

Nina Zipkin is a staff writer at BIZ Experiences.com. She frequently covers leadership, media, tech, startups, culture and workplace trends.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Starting a Business

I Built a $20 Million Company by Age 22 While Still in College. Here's How I Did It and What I Learned Along the Way.

Wealth-building in your early twenties isn't about playing it safe; it's about exploiting the one time in life when having nothing to lose gives you everything to gain.

Money & Finance

These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

Many Americans say inflation prevents them from saving enough and fear they won't reach their financial goals.

Business Solutions

Boost Team Productivity and Security With Windows 11 Pro, Now $15 for Life

Ideal for BIZ Experiencess and small-business owners who are looking to streamline their PC setup.