Introduced
by
To mandate that tax returns or refund claims prepared by a paid tax preparer must be signed by the paid tax preparer and bear the preparer’s tax identification number, subject to a $50 civil fine for each failure to do so, up to a maximum of $25,000 for a company that employs many tax preparers who miss this step. Also, to prohibit a tax preparer from preparing a return that understates a taxpayer's liability due to recklessness or unreasonable assumptions, and require preparers to give a customer a copy of the return, sign a return, and meet a number of other specified best practice/due diligence type actions.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 36 to 2 (details)
Referred to the Committee on Tax Policy
Reported without amendment
Refer to the Committee on Ways and Means with the recommendation that the substitute (H-4) be adopted.
Referred to the Committee on Ways and Means
Reported without amendment
With the recommendation that the substitute (H-4) be adopted and that the bill then pass.
Passed in the House 104 to 3 (details)
To mandate that tax returns or refund claims prepared by a paid tax preparer must be signed by the paid tax preparer and bear the preparer’s tax identification number, subject to a $50 civil fine for each failure to do so, up to a maximum of $25,000 for a company that employs many tax preparers who miss this step. Also, to prohibit a tax preparer from preparing a return that understates a taxpayer's liability due to recklessness or unreasonable assumptions, and require preparers to give a customer a copy of the return, sign a return, and meet a number of other specified best practice/due diligence type actions.
Passed in the Senate 36 to 1 (details)
To concur with the House-passed version of the bill.
