The Internal Revenue Service will pay Equifax EFX, -2.03% $7.25 million to verify taxpayers' identities and help prevent fraud under a no-bid contract issued last week, according to a report in Politico. The contract comes as lawmakers lash out at the company over the major security breach that exposed personal information of millions of Americans. Politico said the credit agency will "verify taxpayer identity" and "assist in ongoing identity verifications and validations" at the IRS.