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Simplify, Don’t Amplify the IRS Act

Source: Congress.gov  ·  4,729 words in original text
This bill aims to improve how the Internal Revenue Service (IRS) operates by increasing transparency, protecting taxpayer privacy, and limiting certain IRS enforcement activities. It creates new rules for tax-exempt organizations, establishes a fellowship program to recruit private sector tax experts, and sets up requirements for reporting on improper tax payments made by the IRS.
Tax-exempt organizations and nonprofits, IRS employees, private sector tax professionals and accountants, taxpayers receiving refunds or credits from the IRS, Congress, and the Treasury Department.
• Raises the threshold for when small organizations must report their financial information to the IRS from $5,000 to $50,000 in gross receipts (Sec. 101) • Requires the IRS Commissioner to publish annual projections of the "tax gap" (the difference between what taxes are owed and what is actually collected) and limits the number of random audit studies conducted by the IRS to no more than fiscal year 2022 levels (Sec. 201) • Establishes a fellowship program recruiting private sector tax experts to work at the IRS for 2-4 year terms to handle complex tax cases and offshore tax evasion issues (Sec. 206) • Increases penalties for unauthorized disclosure of taxpayer information by IRS employees from $5,000 to $250,000 (Sec. 103) • Prohibits the IRS from spending more money on audits and enforcement than it did in fiscal year 2022 until it publishes an updated tax gap projection (Sec. 203) • Prevents the IRS from using additional funds for auditing individuals earning less than $400,000 per year or targeting groups based on their ideological beliefs (Sec. 204)
Tax-exempt organizations with gross receipts under $50,000 will no longer need to report their names and addresses of contributors to the IRS. The IRS will be required to publicly share annual information about improper tax payments (payments made in error). Private sector tax experts can now temporarily join the IRS to work on complex cases. The IRS cannot increase spending on enforcement activities above 2022 levels without first publishing a detailed tax gap projection. Union officials at the IRS will have limited paid time off during tax season (February 12 through April 15).
Tax gap: The difference between tax liabilities owed to the United States under the Internal Revenue Code and those liabilities actually collected by the IRS (Sec. 201). Improper tax payment: Any refund or credit given by the IRS that should not have been made or was made in the wrong amount (Sec. 302).
Most amendments apply to tax years ending after the date of enactment, except penalties for unauthorized disclosure which apply to disclosures made on or after the date of enactment. Restrictions on enforcement funding expire one year after enactment (Sec. 203). The fellowship program must be established by September 30, 2024 (Sec. 206).
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.