Road to The Floor
How it worksIntroduced
In Committee
On The Floor
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Passed Congress
To President
Became Law
What this bill does
AI plain-language summaryThis bill changes the rules about how long the IRS has to go after taxpayers for taxes owed when a tax preparer puts false information on a tax return without the taxpayer knowing about it. Right now, courts disagree on whether the IRS can come after a taxpayer forever in these cases, but this bill says the IRS can only do that if the taxpayer personally intended to cheat on their taxes. The bill also makes it so tax return preparers can face penalties for creating fake documents that look like tax returns or certain partnership-related reports, even if those documents were never actually submitted to the IRS.
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