Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Jamela Adam

Congress Passes IRS Math And Taxpayer Help Act – What It Means For Your Tax Mistakes

IRS Whistleblower Targets Democratic Donors

A bill awaiting President Donald Trump's signature aims to make IRS error notices clearer and easier to understand. The IRS Math and Taxpayer Help Act would require the agency to spell out exactly what mistake was found on a tax return, how much tax is owed, how to respond and the deadline for taking action. The House passed the bill in March, followed by the Senate in October.

If enacted, the measure would require the IRS to send clearer notices when it flags a math or clerical error on a taxpayer's return. This is because, up until now, many taxpayers received confusing error notices from the IRS that often came with legal language that was hard to understand and no clear next step. That lack of clarity led to missed appeals and inflated tax bills. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.