What this bill does
AI plain-language summaryThis bill changes the rules for when the IRS wants to contact someone like your employer or bank to get information about your taxes. Right now, the IRS has to give you at least 45 days' notice before reaching out to a third party, but it doesn't have to tell you exactly what information it's looking for. Under this bill, the IRS would have to tell you specifically what information it wants from the third party, as long as it hasn't already asked you for that information and you could reasonably provide it yourself. You would also get at least 45 days to respond before the IRS contacts the third party, and you could ask for more time if needed, though the IRS can skip these requirements if it decides the third-party information is necessary.
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