Tax preparers would face minimum requirements and IRS regulations under a bipartisan proposal by Senate Finance Committee Chair Mike Crapo (R-Idaho) and ranking member Ron Wyden (D-Ore.).
The discussion draft and summary released Thursday also includes dozens of other fixes to long-running tax administration issues, including some that lawmakers have floated in previous bills. Tax professionals and taxpayer advocates are praising the proposal, saying passage would be a major step toward improving taxpayer experiences.
“As the tax filing season gets underway, this draft legislation suggests practical ways to improve the taxpayer experience,” Crapo and Wyden said in a joint statement. ...
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