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Dan Herron

Tax pros ‘horrified’ by IRS decision to destroy data on 30 million filers

courtneyk | E+ | Getty ImagesAn audit by the Treasury Inspector General for Tax Administration revealed the IRS has tossed data for millions of payers, sparking anger from the tax community.The material, known as paper-filed information returns in accounting parlance, are sent yearly by employers and financial institutions, and cover taxable activity, such as W-2 forms, with copies sent to taxpayers and the IRS.The continued inability to process backlogs of paper-filed tax returns contributed to management's decision to…