The Internal Revenue Service is providing taxpayers' personal and financial information to agencies in all 50 states, but is not adequately safeguarding the security of that information, said a report from a Treasury Department watchdog.

The Treasury Inspector General for Tax Administration found weaknesses in the IRS Safeguard Review program, which was set up to make sure that states have adequate security in place so taxpayer information doesn't become vulnerable to identity theft or other fraudulent activities. But TIGTA found that the IRS had not done enough to improve the program after a 2005 audit found faults. "During the course of the review, TIGTA became very concerned at the lack of management attention being directed to the Safeguard Review program," said the report.

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