Newly released emails expose possible collusion between the Internal Revenue Service (IRS) and President Obama's Department of Justice, a disturbing new development in the IRS targeting scandal.

The IRS originally claimed that the emails, which were sent and received by former IRS administrator Lois Lerner, were all missing.

On November 22, however, IRS Inspector General John Koskinen announced that 30,000 of Lerner's emails between 2009 and 2011 had been recovered.

The emails not only reveal efforts to bring criminal charges against conservatives and Tea Party groups, they could signal a cover-up by the Obama administration.

On "The Real Story" today, Robert Wood said there are two separate issues. First, that Lerner and Justice Department officials were talking about prosecuting conservative groups. Second, that taxpayers' private data has been released between the IRS and the White House.

"Hopefully, we'll get to the bottom or more to the bottom of this scandal that should make every American taxpayer worried," Wood said.

He explained that Americans send the IRS their private and financial data, and they need to know that their political views are not going to influence whether they're audited.

Not only that, he said, Americans need to know that their information will not be turned over to the executive branch of the federal government.

As for the possibility of a cover-up by the White House, Wood said he wanted to be careful not to overreact, especially since it will take time to comb through the thousands and thousands of emails.

Wood did say that this absolutely needs to be investigated, possibly even by a special prosecutor.

"There are lots of other problems in the country, but our tax system is really key. We can't survive without it, and it really has been undermined by all of this."

Watch more above.