Senate bill introduced to limit IRS assessment timelines
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Senator Ron Wyden has introduced the Protecting Innocent Taxpayers from Endless Assessments Act. The bill aims to change how and when the Internal Revenue Service (IRS) can officially record a tax debt.
Why it matters: This is a procedural change regarding how the IRS tracks unpaid taxes; its practical impact depends on whether it passes and how it changes existing collection timelines.
Who it affects
- Individual taxpayers
This information comes from Congress.gov regarding a Senate bill; please consult the official text before relying on this information for tax or legal purposes.
Agency: Senate
Source: Congress.gov — read the official document