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Legislation Cracking Down on IRS Tax Refund Mail Theft Advances

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
A string of bipartisan measures targeting taxpayer refunds, rights, and protections move forward on Capitol Hill.
The article from Kiplinger discusses recent legislative advancements aimed at enhancing taxpayer protections. Key points include the introduction of the Taxpayer Protection and Preparer Fraud Prevention Act, which seeks to regulate tax preparers by requiring them to meet minimum competency standards, pass a qualifying exam, and undergo background checks. This bill aims to reduce fraud and errors in tax preparation. Additionally, the Taxpayer Rights Act has been proposed to extend the time taxpayers have to file a petition with the U.S. Tax Court from 90 to 180 days, providing more time for those who might need it due to various circumstances. These legislative efforts reflect a broader push towards improving taxpayer rights and reducing the burden and potential for abuse in the tax preparation process.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/taxes/taxpayer-protection-bills-advance ]