On July 30, the Senate Finance Committee overwhelmingly approved the bipartisan Taxpayer Assistance and Service (TAS) Act, S. 3931, with a 26-1 vote, setting the package up for consideration by the full Senate. The TAS Act includes over 60 bipartisan proposals – several of which have already advanced in the House.
Finance Chair Mike Crapo (R-ID) released modifications to the bill prior to the hearing. Included were revisions to the electronic filing identification number (EFIN) provisions and a clarification regarding tax-exempt entities’ appeal rights. In addition, Crapo called for boosted penalties for unauthorized release of taxpayer information.
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