3.0.0 3795 2023-01-11T13:21:24Z 2023-01-11T13:21:24Z Senate S S 2010-09-16 111 ssfi00 Finance Committee Senate Standing Referred to 2010-09-16T17:19:03Z 2010-09-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-09-16 Introduced in Senate IntroReferral 10000 9 Library of Congress C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. N B001233 Sen. Bayh, Evan [D-IN] EVAN BAYH D IN 2010-09-16 True B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA 2010-09-16 True Taxation Bank accounts, deposits, capital Computers and information technology Congressional oversight Contracts and agency Department of the Treasury Government information and archives Government studies and investigations Housing finance and home ownership Income tax rates Interest, dividends, interest rates Internal Revenue Service (IRS) Medicaid Public contracts and procurement Real estate business Small business Tax administration and collection, taxpayers Tax reform and tax simplification User charges and fees Wages and earnings Taxation 00 2010-09-16 Introduced in Senate 2010-11-22T16:30:32Z Taxpayer Advocacy and Government Accountability Promotion Act of 2010 or the TAX GAP Act of 2010 - Amends the Internal Revenue Code to: (1) extend requirements for the reporting of payments to governmental units; (2) require information reporting of rental income from real estate; (3) require additional information on tax returns relating to mortgage interest; (4) expand information reporting requirements for bank accounts, non-interest bearing deposits, and electronic filings by paid tax preparers; (5) impose a continuous levy on federal contractors for tax liabilities and on payments made to Medicaid providers or suppliers; and (6) increase penalties for failure to file correct information returns, failure to file correct payee statements, and for intentional disregard of information reporting requirements.

Directs the Secretary of the Treasury to: (1) revise Schedule C of tax form 1040 (self-employment income) to require reporting of additional gross receipts and expense information by sole proprietors; and (2) report to Congress on efforts to improve voluntary compliance by sole proprietors.

Authorizes the Secretary to make an apology payment to a taxpayer for any action or inaction by the Internal Revenue Service (IRS) that has caused the taxpayer excess expense or undue burden. Excludes the amount of any such apology payment from taxpayer gross income.

Requires the Secretary to submit to Congress: (1) a study of whether the IRS has sufficient capacity to incorporate expanded information reporting requirements; (2) a report on taxpayer assistance and tax simplification; (3) a study to quantify the effect of tax penalties; (4) comprehensive and detailed reports on a strategy for reducing the tax gap; (5) a study on revenue increases and costs with respect to tax gap legislation; and (6) reports on worker misclassification (e.g., employees classified as independent contractors).

]]> Taxpayer Advocacy and Government Accountability Promotion Act of 2010 Display Title Taxpayer Advocacy and Government Accountability Promotion Act of 2010 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to reduce the tax gap, and for other purposes. Introduced in Senate IS Short Titles as Introduced Taxpayer Advocacy and Government Accountability Promotion Act of 2010 Short Titles as Introduced TAX GAP Act of 2010 Introduced in Senate 2010-09-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3795is/xml/BILLS-111s3795is.xml 2010-09-16 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.