Bill 119 s 96, also known as the "Tax Return Preparer Regulation Act of 2021," aims to make changes to the Internal Revenue Code of 1986 in order to prevent certain activities related to the preparation of tax returns by the Secretary of the Treasury. The bill seeks to establish regulations that would prohibit the Secretary of the Treasury from engaging in activities that could be seen as preparing tax returns.
The purpose of this bill is to ensure that tax return preparers are held to a high standard of professionalism and ethics, and to prevent any potential conflicts of interest that may arise from the Secretary of the Treasury engaging in tax return preparation activities. By establishing clear regulations and guidelines, the bill aims to protect taxpayers and ensure that their tax returns are prepared accurately and in compliance with the law.
Overall, Bill 119 s 96 seeks to improve the integrity of the tax return preparation process and to promote transparency and accountability within the Internal Revenue Service. It is an important piece of legislation that aims to protect taxpayers and uphold the integrity of the tax system.