Simplify IRS: Tax Changes and Citizen Privacy Protection
This act aims to simplify tax regulations and enhance citizen privacy protection in interactions with the IRS. It introduces changes to reporting for tax-exempt organizations, increases penalties for unauthorized disclosure of taxpayer data, and limits IRS spending on certain activities. The goal is to reduce burdens on citizens and businesses and improve the efficiency of the tax authority.
Key points
More tax-exempt organizations will not have to file detailed reports, reducing their bureaucracy.
Penalties for unauthorized disclosure of taxpayer data by IRS employees or tax preparers will be significantly increased, protecting your privacy.
The IRS will be required to publish annual targets for reducing improper tax payments and will be accountable for meeting them, which may lead to faster and more accurate tax refunds.
Restrictions are placed on IRS spending for new reporting requirements on bank account flows, aiming to protect your finances from excessive scrutiny.
The IRS must use artificial intelligence for tax gap projections and cannot conduct more National Research Program audits than in 2021, potentially reducing audits for citizens.
A fellowship program for private sector tax experts will be established to help the IRS with complex cases and employee training, potentially improving service quality.
Expired
Additional Information
Print number: 117_S_4046
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2022-04-07