119 S4964 IS: Protecting Innocent Taxpayers from Endless Assessments Act U.S. Senate 2026-07-14 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.

II119th CONGRESS2d SessionS. 4964IN THE SENATE OF THE UNITED STATESJuly 14, 2026Mr. Marshall (for himself and Mr. Welch) introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo amend the Internal Revenue Code of 1986 to clarify that the exception to the general statute of limitations for fraudulent returns applies only when a taxpayer seeks to evade their tax obligations.

1.

Short title

This Act may be cited as the Protecting Innocent Taxpayers from Endless Assessments Act.

2.

Limitation period not extended for victims of preparer fraud

(a)

In general

Section 6501(c)(1) of the Internal Revenue Code of 1986 is amended by inserting by the taxpayer after intent.(b)

Effective date

The amendment made by this section shall apply to assessments made or proceedings begun after the date of enactment of this Act.