State cautious in approach to revenue software
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
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