Top Legislation - View All
Also tagged in: Administrative fees, Administrative procedure, Administrative remedies, Affiliated corporations, Aged, Aliens, Budgets, Business, Cost of living adjustments, Department of the Treasury, Estate tax, Executive departments, Executive reorganization, Exports, Families, Finance, Financial services, Foreign corporations, Gambling, Gift tax, Government information, Government paperwork, Government trust funds, Health policy, Hobbies, Immigration, Income tax, Insurance, Interest, Intergovernmental tax relations, Internal revenue law, Internal Revenue Service (IRS), Interstate compacts, Inventories, Labor, Law, Loan defaults, Medical care, Medicare, Old age, survivors and disability insurance, Payroll deductions, Politics and government, Poverty, Rebates, Sales tax, Small business, Social security, Social security finance, Social security taxes, Sports, State and local government, State politics and government, Tax administration, Tax courts, Tax credits, Tax liens, Tax penalties, Tax refunds, Tax returns, Tax simplification, Taxation, Taxation of foreign income, Taxpayer compliance, Taxpayers, Telecommunication, Telephone, Trade, Wages, Welfare, Withholding tax
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 1/4/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23 percent in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...] show full description
Also tagged in: Actions and defenses, Civil liberties, Criminal justice, Damages, Department of the Treasury, Dismissal of employees, Executive departments, Federal employees, Fines (Penalties), Government employees, Government ethics, Income tax, Internal Revenue Service (IRS), Law, Misconduct in office, Right of privacy, Tax returns, Taxation
Latest Action: 01/31/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to double the damages, fines, and penalties for the unauthorized inspection or disclosure of returns and return information, and for other purposes. 1/31/2007--Introduced. Tax Snooping Prevention Act of 2007 - Amends the Internal Revenue Code to double the dollar amount of civil damages available and the criminal fines for unauthorized inspection or disclosure of tax returns and return information. Amends the Internal Revenue Service Restructuring and Reform Act of 1998 to require the firing of Internal Revenue Service (IRS) employees who violate IRS policy on unauthorized inspection of tax returns or return information.
Also tagged in: Administrative fees, Administrative procedure, Administrative remedies, Affiliated corporations, Aged, Aliens, Budgets, Business, Cost of living adjustments, Department of the Treasury, Estate tax, Executive departments, Executive reorganization, Exports, Families, Finance, Financial services, Foreign corporations, Gambling, Gift tax, Government information, Government paperwork, Government trust funds, Health policy, Hobbies, Immigration, Income tax, Insurance, Interest, Intergovernmental tax relations, Internal revenue law, Internal Revenue Service (IRS), Interstate compacts, Inventories, Labor, Law, Loan defaults, Medical care, Medicare, Old age, survivors and disability insurance, Payroll deductions, Politics and government, Poverty, Rebates, Sales tax, Small business, Social security, Social security finance, Social security taxes, Sports, State and local government, State politics and government, Tax administration, Tax courts, Tax credits, Tax liens, Tax penalties, Tax refunds, Tax returns, Tax simplification, Taxation, Taxation of foreign income, Taxpayer compliance, Taxpayers, Telecommunication, Telephone, Trade, Wages, Welfare, Withholding tax
Latest Action: 03/29/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 3/29/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23% in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...] show full description
Also tagged in: Finance, Fraud, Government information, Government paperwork, Labor, Social security, Social security taxes, Surety and fidelity, Tax administration, Tax evasion, Tax penalties, Taxation, Unemployment insurance
Latest Action: 07/12/2007 - Sponsor introductory remarks on measure. (CR S9138) Bill TextA bill to amend the Internal Revenue Code of 1986 to regulate payroll tax deposit agents. 7/12/2007--Introduced. Small Business Payroll Protection Act of 2007 - Amends the Internal Revenue Code to require the Secretary of the Treasury to establish a registration system for payroll tax deposit agents (defined as any person that provides payroll processing or tax filing and deposit service to one or more employers). Requires such agents to: (1) submit a bond or to submit to quarterly third-party certifications; (2) make certain disclosures to their clients concerning liability for payment of employment taxes; and (3) pay penalties for failing to collect or pay over employment taxes or for attempting to evade or defeat payment of such taxes. Requires the Secretary of the Treasury to: (1) issue a notice of confirmation of any address change for an employer making employment tax payments; and (2) send such notice to both the employer's former and new address.
Also tagged in: Budgets, Business, Collection of accounts, Communications, Congress, Congressional reporting requirements, Corporation taxes, Criminal justice, Debit cards, Department of the Treasury, Earned income tax credit, Electronic funds transfers, Executive departments, Finance, Fraud, Government contractors, Government information, Government procurement, Government publicity, Government service contracts, Governmental investigations, Grants-in-aid, Home care services, Identity theft, Income tax, Internet, Labor, Law, Loans, Names, Partnerships, Public contracts, Searches and seizures, Signs and symbols, Social services, Tax deductions, Tax exemption, Tax liens, Tax penalties, Tax preparers, Tax refunds, Tax returns, Taxation, Taxpayers, Technology, Telecommunication, Volunteer workers, Welfare, Wireless communication, Withholding tax
Latest Action: 04/16/2008 - Received in the Senate and Read twice and referred to the Committee on Finance. Bill TextTo amend the Internal Revenue Code of 1986 to conform return preparer penalty standards, delay implementation of withholding taxes on government contractors, enhance taxpayer protections, assist low-income taxpayers, and for other purposes. 4/15/2008--Passed House amended. (There are 2 other summaries) Taxpayer Assistance and Simplification Act of 2008 - (Sec. 2) Amends the Internal Revenue Code to modify the standards for imposing penalties on tax return preparers for understatements of tax to require: (1) substantial authority for a position with respect to an item on a tax return if such position was not disclosed with the return; and (2) a reasonable basis for a position that was disclosed with the return. Requires tax return preparers to have a reasonable belief that a position with respect to a tax shelter or a reportable transaction (a transaction having a potential for tax avoidance or evasion) will more likely than not be sustained on [...] show full description
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Latest Legislation - View All
Also tagged in: Budgets, Business, Collection of accounts, Communications, Congress, Congressional reporting requirements, Corporation taxes, Criminal justice, Debit cards, Department of the Treasury, Earned income tax credit, Electronic funds transfers, Executive departments, Finance, Fraud, Government contractors, Government information, Government procurement, Government publicity, Government service contracts, Governmental investigations, Grants-in-aid, Home care services, Identity theft, Income tax, Internet, Labor, Law, Loans, Names, Partnerships, Public contracts, Searches and seizures, Signs and symbols, Social services, Tax deductions, Tax exemption, Tax liens, Tax penalties, Tax preparers, Tax refunds, Tax returns, Taxation, Taxpayers, Technology, Telecommunication, Volunteer workers, Welfare, Wireless communication, Withholding tax
Latest Action: 04/16/2008 - Received in the Senate and Read twice and referred to the Committee on Finance. Bill TextTo amend the Internal Revenue Code of 1986 to conform return preparer penalty standards, delay implementation of withholding taxes on government contractors, enhance taxpayer protections, assist low-income taxpayers, and for other purposes. 4/15/2008--Passed House amended. (There are 2 other summaries) Taxpayer Assistance and Simplification Act of 2008 - (Sec. 2) Amends the Internal Revenue Code to modify the standards for imposing penalties on tax return preparers for understatements of tax to require: (1) substantial authority for a position with respect to an item on a tax return if such position was not disclosed with the return; and (2) a reasonable basis for a position that was disclosed with the return. Requires tax return preparers to have a reasonable belief that a position with respect to a tax shelter or a reportable transaction (a transaction having a potential for tax avoidance or evasion) will more likely than not be sustained on [...] show full description
Also tagged in: Finance, Fraud, Government information, Government paperwork, Labor, Social security, Social security taxes, Surety and fidelity, Tax administration, Tax evasion, Tax penalties, Taxation, Unemployment insurance
Latest Action: 07/12/2007 - Sponsor introductory remarks on measure. (CR S9138) Bill TextA bill to amend the Internal Revenue Code of 1986 to regulate payroll tax deposit agents. 7/12/2007--Introduced. Small Business Payroll Protection Act of 2007 - Amends the Internal Revenue Code to require the Secretary of the Treasury to establish a registration system for payroll tax deposit agents (defined as any person that provides payroll processing or tax filing and deposit service to one or more employers). Requires such agents to: (1) submit a bond or to submit to quarterly third-party certifications; (2) make certain disclosures to their clients concerning liability for payment of employment taxes; and (3) pay penalties for failing to collect or pay over employment taxes or for attempting to evade or defeat payment of such taxes. Requires the Secretary of the Treasury to: (1) issue a notice of confirmation of any address change for an employer making employment tax payments; and (2) send such notice to both the employer's former and new address.
Also tagged in: Administrative fees, Administrative procedure, Administrative remedies, Affiliated corporations, Aged, Aliens, Budgets, Business, Cost of living adjustments, Department of the Treasury, Estate tax, Executive departments, Executive reorganization, Exports, Families, Finance, Financial services, Foreign corporations, Gambling, Gift tax, Government information, Government paperwork, Government trust funds, Health policy, Hobbies, Immigration, Income tax, Insurance, Interest, Intergovernmental tax relations, Internal revenue law, Internal Revenue Service (IRS), Interstate compacts, Inventories, Labor, Law, Loan defaults, Medical care, Medicare, Old age, survivors and disability insurance, Payroll deductions, Politics and government, Poverty, Rebates, Sales tax, Small business, Social security, Social security finance, Social security taxes, Sports, State and local government, State politics and government, Tax administration, Tax courts, Tax credits, Tax liens, Tax penalties, Tax refunds, Tax returns, Tax simplification, Taxation, Taxation of foreign income, Taxpayer compliance, Taxpayers, Telecommunication, Telephone, Trade, Wages, Welfare, Withholding tax
Latest Action: 03/29/2007 - Read twice and referred to the Committee on Finance. Bill TextA bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 3/29/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23% in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...] show full description
Also tagged in: Actions and defenses, Civil liberties, Criminal justice, Damages, Department of the Treasury, Dismissal of employees, Executive departments, Federal employees, Fines (Penalties), Government employees, Government ethics, Income tax, Internal Revenue Service (IRS), Law, Misconduct in office, Right of privacy, Tax returns, Taxation
Latest Action: 01/31/2007 - Referred to the House Committee on Ways and Means. Bill TextTo amend the Internal Revenue Code of 1986 to double the damages, fines, and penalties for the unauthorized inspection or disclosure of returns and return information, and for other purposes. 1/31/2007--Introduced. Tax Snooping Prevention Act of 2007 - Amends the Internal Revenue Code to double the dollar amount of civil damages available and the criminal fines for unauthorized inspection or disclosure of tax returns and return information. Amends the Internal Revenue Service Restructuring and Reform Act of 1998 to require the firing of Internal Revenue Service (IRS) employees who violate IRS policy on unauthorized inspection of tax returns or return information.
Also tagged in: Administrative fees, Administrative procedure, Administrative remedies, Affiliated corporations, Aged, Aliens, Budgets, Business, Cost of living adjustments, Department of the Treasury, Estate tax, Executive departments, Executive reorganization, Exports, Families, Finance, Financial services, Foreign corporations, Gambling, Gift tax, Government information, Government paperwork, Government trust funds, Health policy, Hobbies, Immigration, Income tax, Insurance, Interest, Intergovernmental tax relations, Internal revenue law, Internal Revenue Service (IRS), Interstate compacts, Inventories, Labor, Law, Loan defaults, Medical care, Medicare, Old age, survivors and disability insurance, Payroll deductions, Politics and government, Poverty, Rebates, Sales tax, Small business, Social security, Social security finance, Social security taxes, Sports, State and local government, State politics and government, Tax administration, Tax courts, Tax credits, Tax liens, Tax penalties, Tax refunds, Tax returns, Tax simplification, Taxation, Taxation of foreign income, Taxpayer compliance, Taxpayers, Telecommunication, Telephone, Trade, Wages, Welfare, Withholding tax
Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means. Bill TextTo promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 1/4/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23 percent in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...] show full description
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