Simplify, Don't Amplify the IRS Act: Taxpayer Protection & Efficiency
This act aims to enhance the transparency and efficiency of the Internal Revenue Service (IRS) and protect taxpayer privacy. It modifies reporting rules for certain organizations, increases penalties for unauthorized disclosure of tax information, and limits IRS spending on audits and enforcement until new tax gap projections are published. Additionally, the act seeks to reduce improper tax payments and establishes a fellowship program for tax experts.
Key points
Increases the gross receipts threshold for organizations exempt from certain reporting, potentially reducing administrative burden for smaller entities.
Significantly raises penalties for unauthorized disclosure of taxpayer information, aiming to better protect citizens' privacy.
Restricts IRS spending on audits and enforcement until a new, detailed tax gap projection is published, which may affect the number of audits.
Establishes a program to recruit external tax experts to the IRS to improve handling of complex cases and combat tax evasion.
Sets targets and accountability mechanisms for reducing improper tax payments, ensuring citizens receive correct payments at the right time.
Expired
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