This bill requires the Treasury Department to submit detailed annual reports to Congress on the Internal Revenue Service's efforts to prevent and address tax fraud, starting within 12 months of enactment. The fraud reports must describe specific actions taken during tax filing seasons to combat different types of fraud, including identity theft and refund fraud, as well as information sharing and recommendations between the IRS and tax industry partners. The reports must also include detailed data on the amounts of fraud detected for specific tax forms, the dollar value of fraudulent refunds paid out, and the value of fraudulent claims stopped before payment. Additionally, the bill requires a separate annual analysis of what makes the federal tax code complex and difficult to administer. The Treasury Department must make relevant fraud data publicly available on the IRS website, with appropriate redactions to protect sensitive information.
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