Package of bills to modernize the IRS passes Congress

Written on Apr 20, 2018

The 21st Century IRS Act (H.R. 5445) passed the U.S. House of Representatives on April 18. The legislation establishes requirements for the IRS regarding cybersecurity, the protection of taxpayer identities, information technology, and electronic systems.

OSCPA member and U.S. Senate candidate Jim Renacci had three bills he previously sponsored that were amended into the 21st Century IRS Act:

  • The Protecting Taxpayer Confidentiality Through Safeguards Act (H.R. 5376), which will limit re-disclosures and unauthorized uses of tax return information.
  • Creating an Online Platform for Instant 1099 Submissions Act (H.R. 5377) will create an internet platform to simplify and expedite the filing of 1099 Forms.
  • Stolen Identity Refund Fraud Prevention Act (H.R. 439) which will increase government collaboration and informational studies on better responding to identity theft fraud.

On the same day, Congress also passed the Taxpayer First Act (H.R. 5444) to modify the organizational structure, enforcement procedures, and services of the IRS.

Congressman Renacci, a CPA, had a separate bill pass on April 17 to protect taxpayers from identity theft. The bill, H.R. 5439, establishes a single point of contact at the IRS to better aid identity theft victims as they attempt to resolve the problem.

All of the bills now move to the U.S. Senate for consideration. 

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