Information Reporting Simplification Act of 2015

House Bill 3856 - Information Reporting Simplification Act of 2015: Overview, Status, and Impact

Hozzl · 2023-01-11T13:29:36Z

Explore the details of House Bill 3856 Information Reporting Simplification Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

1/11/2023, 1:29 PM

Congressional Summary of HR 3856

Information Reporting Simplification Act of 2015

This bill amends the Internal Revenue Code, with respect to penalties for filing erroneous tax returns, to set forth a safe harbor rule for errors on tax information returns and payee statements. If any such return or statement has one or more incorrect dollar amounts, but no single amount in error differs from the correct amount by more than $100, and no single amount reported for tax withheld on any information return differs from the correct amount by more than $25, then no correction shall be required and such return or statement shall be treated as having been filed with all of the correct required information.

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Current Status of Bill HR 3856

Bill HR 3856 is currently in the status of Bill Introduced since October 28, 2015. Bill HR 3856 was introduced during Congress 114 and was introduced to the House on October 28, 2015. Bill HR 3856's most recent activity was Referred to the House Committee on Ways and Means. as of October 28, 2015