Bill > HR2681

This bill, the Small Business Taxpayer Bill of Rights Act of 2023, aims to provide a number of rights and protections for small businesses when dealing with the Internal Revenue Service (IRS). The key provisions include: - Modifying the standards for awarding costs and certain fees to allow small businesses to be eligible without regard to net worth limitations. - Increasing the maximum amount of civil damages that can be recovered for reckless or intentional disregard of internal revenue laws, and extending the time period to bring such actions. - Increasing penalties for certain offenses by IRS officers and employees. - Increasing the amount of civil damages that can be recovered for unauthorized inspection or disclosure of tax returns and return information. - Prohibiting ex parte communications between the IRS Independent Office of Appeals and other IRS employees. - Providing taxpayers the right to an independent conference with the IRS Independent Office of Appeals. - Requiring the IRS to make alternative dispute resolution procedures, including mediation and arbitration, more widely available to taxpayers. - Prohibiting the IRS from raising new issues on appeal that were not part of the initial determination. - Limiting the ability of the IRS to enforce liens against a taxpayer's principal residence. - Requiring the Treasury Inspector General for Tax Administration to review IRS criteria for selecting returns and audits to ensure they do not discriminate based on race, religion, or political ideology. - Allowing a deduction for certain expenses related to IRS audits that do not result in increased tax liability. - Establishing a 10-year term limit for the National Taxpayer Advocate. - Making it easier for business taxpayers to obtain release of IRS levies due to economic hardship. - Repealing the requirement for partial payment when submitting offers-in-compromise to the IRS. The overall intent of the bill is to provide small businesses with additional rights and protections when dealing with the IRS, with the goal of making the process more fair and transparent.

Budget and Finance

https://www.congress.gov/bill/118th-congress/house-bill/2681/all-info