3.0.0 2736 2023-01-11T13:25:43Z 2023-01-11T13:25:43Z Senate S S 2014-07-31 113 ssfi00 Finance Committee Senate Standing Referred to 2014-07-31T19:13:34Z Taxpayer Identity Protection Act of 2014 113 4910 HR 2014-06-20 Sponsor introductory remarks on measure. (CR E1029) Related bill CRS 2014-07-31 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5222-5224) IntroReferral 2014-07-31 Introduced in Senate IntroReferral 10000 9 Library of Congress H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT N W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2014-07-31 True Taxation Computer security and identity theft Congressional oversight Crime victims Employee hiring Fraud offenses and financial crimes Government information and archives Government studies and investigations Internet and video services Internet, web applications, social media Tax administration and collection, taxpayers Taxation 00 2014-07-31 Introduced in Senate 2014-10-01T15:53:23Z Tax Refund Theft Prevention Act of 2014 - Amends the Internal Revenue Code to: (1) establish a safe harbor rule for errors on tax information and payee statements to treat such statements as correctly filed if there are one or more errors on such statements and no single erroneous amount differs from the correct amount by more than $25; (2) require any tax return that is prepared electronically, but is printed and filed on paper, to bear a code which can, when scanned, convert such return to an electronic format; (3) impose a fine and/or prison term on any person who willfully misappropriates another person's taxpayer identity; (4) require a tax statement reporting wages and other tax information to show an identifying number for the employee (currently, requires the employee's social security number); (5) increase civil and criminal penalties for tax return preparers who improperly disclose or use tax return information; (6) enhance requirements relating to electronic filing of tax returns and the filing of W-2 and 1099 forms; and (7) impose a due diligence requirement on tax return preparers to verify the identity of a taxpayer for whom they file a return or refund claim.

Directs the Secretary of the Treasury to: (1)  make available on a website resources and guidance that will allow taxpayers to prepare and file (in batches of not more than 50) forms 1099, prepare forms 1099 for distribution to recipients other than the Internal Revenue Service (IRS), and create and maintain necessary taxpayer records; (2) establish a single point of contact with an IRS employee for taxpayers whose tax returns have been delayed or affected due to misappropriation of the taxpayer's identity; (3) implement a password system for the prevention of identity theft tax fraud; (4) issue regulations that restrict the delivery or deposit of multiple individual income tax refunds from the same tax year to the same individual account or mailing address; and (5) report on the extent and nature of fraud involving the use of misappropriated taxpayer identity.

Grants the Secretary access to information in the National Directory of New Hires for the sole purpose of identifying and preventing fraudulent tax return filings and claims for tax refunds.

Amends the federal criminal code to include within the definition of aggravated identity theft the misappropriation of taxpayer identity in connection with tax fraud.

]]> Tax Refund Theft Prevention Act of 2014 Display Title Tax Refund Theft Prevention Act of 2014 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to prevent identity theft related tax refund fraud, and for other purposes. Introduced in Senate IS Short Titles as Introduced Tax Refund Theft Prevention Act of 2014 Introduced in Senate 2014-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2736is/xml/BILLS-113s2736is.xml 2014-07-31 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5222-5224) 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.