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US HR5377

US HR5377
Creating An Online Platform For Instant 1099 Submissions Act


summary

Introduced
03/21/2018
In Committee
03/21/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Creating An Online Platform For Instant 1099 Submissions Act This bill directs the Internal Revenue Service (IRS) to provide taxpayers with online access to IRS resources and guidance that will allow them to: (1) prepare and file Forms 1099, (2) prepare Forms 1099 for distribution to recipients other than the IRS, and (3) create and maintain necessary taxpayer records. The IRS must ensure that the online services required by this bill: (1) are a supplement to, and not a replacement for, other services provided to taxpayers by the IRS; and (2) comply with security standards developed by the National Institute of Standards and Technology.

AI Summary

This bill directs the Internal Revenue Service (IRS) to provide an online platform that allows taxpayers to prepare and file IRS Forms 1099, prepare 1099 forms for distribution to recipients other than the IRS, and create and maintain necessary taxpayer records. The online services must be a supplement to, not a replacement for, other IRS services provided to taxpayers, and must comply with security standards developed by the National Institute of Standards and Technology.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Referred to the House Committee on Ways and Means. (on 03/21/2018)

bill text


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