SB2111: Taxpayer Notification and Privacy Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Internal Revenue Code of 1986 to require the Internal Revenue Service to notify taxpayers of specific information being sought from third parties for purposes of tax administration, and for other purposes.
Plain-language summary
This bill would require the Internal Revenue Service (IRS) to notify taxpayers when it requests information about them from third parties like banks or employers for tax purposes. The IRS currently collects financial information from outside sources without always informing the taxpayer first. This bill aims to give taxpayers advance notice of what information is being sought and why. The bill is currently in the early stage after being introduced in Congress and has not yet been assigned to a for review.
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SB2111: Taxpayer Notification and Privacy Act of 2023