Senate Finance Committee leaders introduced a bipartisan bill Thursday to overhaul the procedures and administration of the IRS.
The 162-page draft bill bundles a number of already introduced tax administration bills with additional recommendations from the National Taxpayer Advocate, including provisions expanding the digitization of tax returns, creating a dashboard with information on call volume and expanding online accounts. The package is aimed at improving the taxpayer experience and streamlining processes for compliance.
The legislation, introduced by Finance Chairman Michael D. Crapo, R-Idaho, and ranking Democrat Ron Wyden of Orgeon, also includes a provision increasing the penalties for improper behavior from tax preparers, as well as another provision imposing more regulations for obtaining a preparer tax identification number.
