HR5346-119

What This Bill Does

The bill amends Section 6751(b)(1) of the Internal Revenue Code to require that before any written communication about a penalty (including penalty proposals) is sent to a taxpayer, the initial penalty determination must be, establishes short title 'Fair and Accountable IRS Reviews Act' for the legislation, and requires removes prior version of Section 6751(b)(1) amendments that required supervisor approval before written penalty communications are sent to taxpayers. This clause is being replaced by an updated version. It relies on procedural requirement, compliance mandates, definition changes, and procedural. The main policy areas are Taxation and Finance.

Who Benefits and How

Individual taxpayers facing penalties could face reduced risk, Business taxpayers facing penalties could face reduced risk, and Tax attorneys and accountants could face fewer barriers.

Who Bears the Burden and How

Internal Revenue Service would take on compliance duties, IRS penalty assessment personnel would take on compliance duties, and Individual taxpayers facing penalties could face increased risk.

Key Provisions

• Amends Section 6751(b)(1) of the Internal Revenue Code to require that before any written communication about a penalty (including penalty proposals) is sent to a taxpayer, the initial penalty determination must be...
• Establishes short title 'Fair and Accountable IRS Reviews Act' for the legislation.
• Requires removes prior version of Section 6751(b)(1) amendments that required supervisor approval before written penalty communications are sent to taxpayers. This clause is being replaced by an updated version.
• Amends Section 6751(b)(1) of the Internal Revenue Code to require written supervisor approval before any penalty communication is sent to taxpayers, and defines 'immediate supervisor' as the person to whom...