Plain English summary not yet available
The full original text is available below. Check back soon as we process this bill.
I
116TH CONGRESS
1ST SESSION H. R. 4751
To amend title 31, United States Code, to direct the Secretary of the
Treasury to regulate tax return preparers.
IN THE HOUSE OF REPRESENTATIVES
OCTOBER 18, 2019
Mr. COHEN (for himself, Mr. SCOTT of Virginia, Mrs. CAROLYN B. MALONEY
of New York, Ms. TLAIB, and Mr. CARSON of Indiana) introduced the
following bill; which was referred to the Committee on Ways and Means
A BILL
To amend title 31, United States Code, to direct the
Secretary of the Treasury to regulate tax return preparers.
Be it enacted by the Senate and House of Representa-
1
tives of the United States of America in Congress assembled,
2
SECTION 1. SHORT TITLE.
3
This Act may be cited as the ‘‘Tax Return Preparer
4
Accountability Act of 2019’’.
5
VerDate Sep 11 2014
02:54 Oct 24, 2019
Jkt 099200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H4751.IH
H4751
pamtmann on DSKBC07HB2PROD with BILLS
2
•HR 4751 IH
SEC. 2. REGULATION OF TAX RETURN PREPARERS WHO
1
ARE NOT REPRESENTATIVES PRACTICING
2
BEFORE THE DEPARTMENT OF THE TREAS-
3
URY.
4
(a) IN GENERAL.—Subchapter II of chapter 3 of title
5
31, United States Code, is amended by inserting after sec-
6
tion 330 the following new section:
7
‘‘§ 330A. Tax return preparers who are not represent-
8
atives practicing before the Department
9
of the Treasury
10
‘‘(a) The Secretary of the Treasury shall, under regu-
11
lations prescribed by the Secretary, regulate any tax re-
12
turn preparers who are not regulated by the Secretary
13
under section 330.
14
‘‘(b)(1) The Secretary may impose a penalty of
15
$1,000 for each Federal tax return, document, or other
16
submission prepared by a tax return preparer during a
17
period in which the tax return preparer—
18
‘‘(A) is not in compliance with the regulations
19
promulgated under this section, or
20
‘‘(B) is suspended or disbarred from acting as
21
a tax return preparer under such regulations.
22
Any penalty imposed under the preceding sentence shall
23
be in addition to any other penalty which may be imposed.
24
VerDate Sep 11 2014
02:54 Oct 24, 2019
Jkt 099200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H4751.IH
H4751
pamtmann on DSKBC07HB2PROD with BILLS
3
•HR 4751 IH
‘‘(2) No penalty may be imposed under paragraph (1)
1
with respect to any failure if it is shown that such failure
2
is due to reasonable cause.
3
‘‘(c) For purposes of this section:
4
‘‘(1) The term ‘tax return preparer’ has the
5
meaning given by section 7701(a)(36) of the Inter-
6
nal Revenue Code of 1986.
7
‘‘(2) The terms ‘Secretary of the Treasury’ and
8
‘Secretary’ mean the Secretary of the Treasury or
9
the delegate of the Secretary.’’.
10
(b) CLERICAL AMENDMENT.—The table of sections
11
for subchapter II of chapter 3 of title 31, United States
12
Code, is amended by inserting after the item relating to
13
section 330 the following new item:
14
‘‘330A. Tax return preparers who are not representatives practicing before the
Department of the Treasury.’’.
(c) EFFECTIVE DATE.—The amendments made by
15
this section shall apply with respect to returns prepared
16
for taxable years ending after the date of the enactment
17
of this Act.
18
Æ
VerDate Sep 11 2014
02:54 Oct 24, 2019
Jkt 099200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6301
E:\BILLS\H4751.IH
H4751
pamtmann on DSKBC07HB2PROD with BILLS