arrow_back Back to App

Temporary IRS User Fee Reduction Limits for Entities with Income up to $5 Million.

This bill introduces temporary reductions in Internal Revenue Service (IRS) user fees for specific services during the years 2023 through 2025. The change primarily benefits businesses and individuals whose annual gross income does not exceed $5 million, setting their standard fee at $1,900. This measure aims to reduce administrative costs for this group of taxpayers.
Key points
Reduced IRS user fees are temporarily effective for calendar years 2023, 2024, and 2025.
The standard reduced fee is $1,900 for entities with gross income not exceeding $5 million.
For entities earning between $2.5 million and $5 million, the fee reduction is phased out, potentially increasing the fee up to a maximum of $38,000.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_232
Sponsor: Sen. Blackburn, Marsha [R-TN]
Process start date: 2023-02-02