{"@context":"https://schema.org","@type":"Legislation","name":"Simplify, Don’t Amplify the IRS Act","description":"

Simplify, Don't Amplify the IRS Act

This bill limits Internal Revenue Service (IRS) enforcement authority and modifies certain IRS reporting requirements. It also eliminates certain restrictions on the use of coronavirus recovery funds.

Among other provisions, the bill

increases the gross receipts reporting threshold for certain religious and charitable organizations from $5,000 to $50,000;
generally increases penalties for unauthorized disclosure of taxpayer information and for such disclosures by tax return preparers;
requires the IRS to establish a fellowship program to recruit private sector tax experts to create a task force to, among other things, educate IRS employees on emerging issues, perform audits, and address offshore tax evasion; and
sets forth provisions for reducing improper payments to taxpayers.

The bill also requires the IRS to report annually on the tax gap estimate for the most recent taxable year. The IRS must use artificial intelligence to calculate an estimate of the tax gap. The bill defines tax gap as the difference between tax liabilities owed to the United States and those liabilities actually collected.

The bill restricts funding for IRS audits and enforcement until the IRS publishes an updated tax gap projection.

","legislationIdentifier":"HR 7485","legislationType":"Bill","legislationLegalForce":"NotInForce","legislationJurisdiction":"USA","author":[{"@type":"Person","name":"Tom Rice","url":"https://legisdaily.com/mp/tom-rice-us"}],"about":{"@type":"Thing","name":"Taxation"},"keywords":"Accounting and auditing, Appropriations, Bank accounts, deposits, capital, Cardiovascular and respiratory health, Computers and information technology, Congressional oversight, Criminal procedure and sentencing, Department of the Treasury, Elections, voting, political campaign regulation, Emergency medical services and trauma care, Employee hiring, Employee performance, Evidence and witnesses, Executive agency funding and structure, First Amendment rights, Government employee pay, benefits, personnel management, Government ethics and transparency, public corruption, Government information and archives, Government studies and investigations, Income tax credits, Income tax deductions, Income tax rates, Infectious and parasitic diseases, Internal Revenue Service (IRS), Labor-management relations, Political movements and philosophies, Right of privacy, Social work, volunteer service, charitable organizations, State and local finance, State and local government operations, State and local taxation, Tax administration and collection, taxpayers, Tax-exempt organizations, U.S. territories and protectorates","dateModified":"2025-02-04T00:00:00.000Z","url":"https://legisdaily.com/bill/USA-117-HR-7485"}

Tom Rice

Ways and Means Committee, Financial Services Committee, Oversight and Government Reform Committee

Tom Rice

Ways and Means Committee, Financial Services Committee, Oversight and Government Reform Committee