INDIANAPOLIS (AP) — The Indiana Department of Revenue is taking steps to ensure taxpayers’ information is protected and revenue is properly recorded following the discovery that more than $500 million went undetected or unreported.
Revenue Commissioner Mike Alley tells the Indianapolis Business Journal the state has reinstated a number of controls that had been dropped and has overhauled the staff to add more financial and IT professionals. They include a chief information security officer charged with keeping taxpayer data safe.
The state also is testing a Massachusetts company’s software to handle three specialty taxes.
The moves follow the discovery that $320 million in corporate income taxes had accumulated in a holding account without notice and that another $206 million in local income-tax revenue wasn’t properly reported or distributed.
Information from: Indianapolis Business Journal, http://www.ibj.com
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