Senators Advance Tax Reform Legislation
The measure would require the IRS to publish wait times, callback options and online account access while adding hardship relief for taxpayers.
- On Thursday, the Senate Finance Committee advanced a bipartisan tax administration package in a 26-1 vote, aiming to modernize IRS operations, improve customer service, and strengthen taxpayer rights.
- Senate Finance Chairman Michael D. Crapo said the bill streamlines operations to deliver a "taxpayer-first system," incorporating customer-service initiatives from a House-passed tax administration bill.
- The National Taxpayers Union reported Americans spent 6.93 billion hours and $476.8 billion on tax compliance last fiscal year, while Sen. Chuck Grassley noted whistleblower protections could save taxpayers more than $385 million.
- Democrats failed to pass an amendment 13-14 that would have blocked the $1.8 billion settlement of President Donald Trump's lawsuit against the IRS, which Thom Tillis and Bill Cassidy are challenging.
- Sen. Elizabeth Warren cast the lone dissenting vote against the legislation, which could be one of the 119th Congress's final tax measures before year-end extensions.
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Senators advance tax reform legislation
(The Center Square) - A bipartisan panel of senators on Thursday advanced legislation to reform and modernize IRS operations and taxpayer services.
IRS modernization bill approved by Senate panel
The Senate Finance Committee advanced a bipartisan tax administration package Thursday aimed at modernizing the IRS, improving customer service and strengthening taxpayer rights. The committee voted, 26-1, to approve the sprawling tax modernization bill, which encompasses a laundry list of tax provisions including some proposals that have already gotten backing from either House tax writers […]
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