Most Recent Action in executing approved projects and, if necessary, recommend the Read twice and referred to the Committee suspension or termination of funding; and (4) monitor fund on Homeland Security and Governmental operating costs. Affairs on April 28, 2017. H.R. 2171 Re. Lewis, Introduced Amends the Internal Revenue Code to establish additional – Taxpayer Act of John 26, 2017 requirements and procedures for collecting regulating tax 2017 preparers, responding to identity theft, and assisting low-income Most Recent Action taxpayers. Referred to the House Committee on Ways Repeals the authority of the Internal Revenue Service (IRS) to and Means on April 26, 2017. contract with private companies to collect federal tax debts. It also excludes from the gross income of an individual up to $10,000 of income from the discharge of a debt over the individual's lifetime. Requires the statute of limitations for a taxpayer's case to continue to run during a pending application for assistance from the National Taxpayer Advocate. Establishes limitations on IRS levies of retirement accounts, suspends the time limit for returning wrongfully levied property if a taxpayer is financially disabled, increases the grace period for withdrawing a frivolous return, and repeals the requirement to submit a partial payment with an offer-in-compromise to settle a tax liability. The IRS must: (1) notify taxpayers regarding suspected identity theft and related criminal charges, (2) establish a single point of contact for identity theft victims, (3) permit its employees to refer taxpayers to low-income taxpayer clinics, and (4) notify taxpayers who are eligible for the Earned Income Tax Credit. The IRS may regulate paid tax return preparers and disclose returns or return information necessary to publish decisions related to tax return preparer misconduct. Provides additional funding to the IRS for Taxpayer Services and increases the funding the IRS may allocate to low-income taxpayer clinics. S. 951 Sen. Portman, Reforms the process by which Federal agencies analyze and Introduced – Regulatory Rob (R-OH) 26, 2017 formulate new regulations and guidance documents. Accountability Note: Appears similar to H.R. 45 and H.R. 5 Regulatory Act of 2017 Most Recent Action Accountability Act of 2017 found below.
in executing approved projects and, if necessary, recommend the suspension or termination of funding; and (4) monitor fund operating costs. Most Recent Action Read twice and referred to the Committee on Homeland Security and Governmental Affairs on April 28, 2017. H.R. 2171 – Taxpayer Act of 2017 Re. Lewis, John Introduced 26, 2017 Most Recent Action Referred to the House Committee on Ways and Means on April 26, 2017. Amends the Internal Revenue Code to establish additional requirements and procedures for collecting regulating tax preparers, responding to identity theft, and assisting low-income taxpayers. Repeals the authority of the Internal Revenue Service (IRS) to contract with private companies to collect federal tax debts. It also excludes from the gross income of an individual up to $10,000 of income from the discharge of a debt over the individual's lifetime. Requires the statute of limitations for a taxpayer's case to continue to run during a pending application for assistance from the National Taxpayer Advocate. Establishes limitations on IRS levies of retirement accounts, suspends the time limit for returning wrongfully levied property if a taxpayer is financially disabled, increases the grace period for withdrawing a frivolous return, and repeals the requirement to submit a partial payment with an offer-in-compromise to settle a tax liability. The IRS must: (1) notify taxpayers regarding suspected identity theft and related criminal charges, (2) establish a single point of contact for identity theft victims, (3) permit its employees to refer taxpayers to low-income taxpayer clinics, and (4) notify taxpayers who are eligible for the Earned Income Tax Credit. The IRS may regulate paid tax return preparers and disclose returns or return information necessary to publish decisions related to tax return preparer misconduct. Provides additional funding to the IRS for Taxpayer Services and increases the funding the IRS may allocate to low-income taxpayer clinics. S. 951 – Regulatory Accountability Act of 2017 Sen. Portman, Rob (R-OH) Introduced 26, 2017 Most Recent Action Reforms the process by which Federal agencies analyze and formulate new regulations and guidance documents. Note: Appears similar to H.R. 45 and H.R. 5 Regulatory Accountability Act of 2017 found below.
CURRENT%20Regulatory%20Reform%20Legislation%20Memo%20115th%20Congress_0.docx