summary
Introduced
11/02/2017
11/02/2017
In Committee
11/02/2017
11/02/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Improper Tax Payments Reduction Act of 2017 This bill amends the Internal Revenue Code, with respect to the earned income tax credit, to: (1) specify that a taxpayer must claim all allowable deductions when determining net earnings from self-employment, (2) require employers who report wages to include the name and address of each employee and the amount of reportable wages received by each of those employees, and (3) limit earned income to amounts substantiated by the taxpayer on statements furnished or returns filed under third-party information reporting requirements or amounts substantiated by the taxpayer's books and records.
AI Summary
This bill amends the Internal Revenue Code to: (1) specify that taxpayers must claim all allowable deductions when determining net earnings from self-employment for the earned income tax credit; (2) require employers to report the name, address, and amount of reportable wages for each employee; and (3) limit the earned income tax credit to amounts substantiated by third-party information reporting or the taxpayer's own records. The goal is to prevent fraudulent overreporting of income for the earned income tax credit and the additional child tax credit.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 11/02/2017)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/4233/all-info |
| BillText | https://www.congress.gov/115/bills/hr4233/BILLS-115hr4233ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr4233/BILLS-115hr4233ih.pdf.pdf |
Loading...