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Tax Refund Protection Act

12/15/2023, 4:07 PM

Summary of Bill S 1209

The Tax Refund Protection Act, also known as Bill 118 s 1209, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to protect taxpayers from identity theft and fraud by implementing stricter security measures for tax refunds.

If passed, the Tax Refund Protection Act would require the Internal Revenue Service (IRS) to take additional steps to verify the identity of individuals before issuing tax refunds. This would help prevent criminals from filing fraudulent tax returns in someone else's name and stealing their refund.

The bill also includes provisions to improve communication between the IRS and taxpayers regarding the status of their tax refunds. This would help ensure that individuals are aware of any issues or delays with their refunds and can take appropriate action to resolve them. Overall, the Tax Refund Protection Act aims to enhance the security and efficiency of the tax refund process for American taxpayers. It is currently being debated in Congress, and its ultimate fate will depend on the support it receives from lawmakers.

Congressional Summary of S 1209

Tax Refund Protection Act

This bill authorizes the Department of the Treasury to certify or decertify (for incompetence or willful misrepresentation) the practice of tax return preparers and impose fees on such preparers. It also authorizes Treasury to require tax return preparers to provide disclosures to person receiving tax return preparation services and regarding refund anticipation payment arrangements.

Treasury may impose a penalty on tax return preparers who fail to make required disclosures.

Current Status of Bill S 1209

Bill S 1209 is currently in the status of Bill Introduced since April 19, 2023. Bill S 1209 was introduced during Congress 118 and was introduced to the Senate on April 19, 2023.  Bill S 1209's most recent activity was Read twice and referred to the Committee on Finance. as of April 19, 2023

Bipartisan Support of Bill S 1209

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1209

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 1209

Tax Refund Protection Act
Tax Refund Protection Act
A bill to regulate tax return preparers and refund anticipation payment arrangements.

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