Stronger Taxpayer Protection Against IRS Penalties and Fines
This bill modifies the procedures the IRS must follow when imposing penalties on taxpayers. It requires supervisory approval for penalties to be given at a stage where the supervisor still has the genuine authority to approve or reject the penalty. This change aims to increase accountability within the IRS and provide taxpayers with better protection against unwarranted financial penalties.
Key points
Supervisory approval for tax penalties must occur during the pre-assessment process when the supervisor has the discretion to give or withhold that approval.
The change strengthens procedural safeguards, ensuring penalties are imposed only after a meaningful, independent review, benefiting taxpayers.
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