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Simplify, Don’t Amplify the IRS Act

Source: Congress.gov  ·  4,731 words in original text
This bill makes several changes to how the Internal Revenue Service (IRS) operates and reports information. It limits when nonprofit organizations must file tax reports, increases penalties for people who improperly share taxpayer information, restricts how the IRS can spend money on enforcement activities, and creates a fellowship program to hire private tax experts to work on complex tax cases. ##
- Nonprofit organizations and tax-exempt groups - The Internal Revenue Service and its employees - Taxpayers subject to IRS audits - Congress - The Department of the Treasury - Tax return preparers - Federal employees working at the IRS ##
- Nonprofit organizations no longer must report to the IRS if they have less than $50,000 in gross receipts each year, instead of the previous $5,000 threshold (Sec. 101) - The penalty for illegally sharing taxpayer information increases to $250,000 (Sec. 103) - The IRS cannot spend more money on enforcement activities than it spent in fiscal year 2022 until 180 days after the IRS publishes a tax gap projection (Sec. 203) - The IRS must establish a fellowship program by September 30, 2024 to hire at least 30 private sector tax experts to help with complex tax cases and offshore tax evasion (Sec. 206) - The Secretary of the Treasury must set yearly goals to reduce improper tax payments and publish information about these payments on the internet (Sec. 303) ##
If this bill becomes law, fewer nonprofit organizations will need to file annual tax reports with the IRS. People who illegally share tax information face much larger financial penalties. The IRS will face spending restrictions on enforcement until it submits specific tax reports to Congress. The IRS will hire experienced tax professionals from outside government to work on difficult cases. The public will be able to see online how many incorrect tax payments the IRS makes and what the agency is doing to reduce them. ##
- **Tax gap**: The difference between taxes owed to the United States under federal tax law and the actual taxes collected by the IRS (Sec. 201) - **Improper tax payment**: Any credit or refund of an overpayment that should not have been made or was made in an incorrect amount (Sec. 302) ##
Most provisions take effect on different dates: some apply to tax years ending after the bill is signed into law (Sec. 101, 103), some within specific timeframes after enactment like 90 days or 180 days (Sec. 303, 304), and one spending restriction expires one year after the bill is signed (Sec. 203).
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.