The House Ways and Means Committee has approved a package of seven bills aimed at protecting taxpayer rights, improving IRS services, combating fraud, and increasing transparency for nonprofit hospitals. The legislation addresses tax relief for American hostages held abroad, aid for victims of financial fraud, and the adoption of new technology at the IRS.
“The Ways and Means Committee has been systematically identifying weaknesses in how our tax code is administered,” said Ways and Means Committee Chairman Jason Smith (R-MO). “No citizen who has had to endure the horror of being held captive abroad should have their homecoming overshadowed by a massive tax bill from the IRS. Similarly, victims of fraud deserve tax relief when rebuilding their financial lives.”
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