Taxpayer Privacy Boost: 45 Days to Respond Before IRS Contacts Third Parties.
This law enhances taxpayer privacy by requiring the Internal Revenue Service (IRS) to be more transparent when seeking information. Before the IRS contacts third parties (like banks or employers), it must specifically list the information sought and give the taxpayer at least 45 days to provide that information themselves. These new rules do not apply when the IRS is actively collecting an existing tax debt.
Key points
The IRS must specifically identify every item of information it intends to seek from third parties if the taxpayer has not yet provided it.
Taxpayers gain a minimum 45-day window to provide the requested information directly before the IRS contacts external sources.
The new specificity and response time requirements are waived during the collection of existing tax liabilities.
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