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S 2856 117th Congress Senate Taxation

A bill to regulate tax return preparers and refund anticipation payment arrangements.

Introduced: September 27, 2021 Introduced by: Booker, Cory A. Democratic · New Jersey See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 27, 2021
Read twice and referred to the Committee on Finance.
Sep 27, 2021
Introduced in Senate
 Plain-English summary Congressional Research Service

This bill authorizes the Department of the Treasury to certify or decertify (for incompetence or willful misrepresentation) the practice of tax return preparers and impose fees on such preparers. It also authorizes Treasury to require tax return preparers to provide disclosures to person receiving tax return preparation services and regarding refund anticipation payment arrangements.

Treasury may impose a penalty on tax return preparers who fail to make required disclosures.

What's happening now September 27, 2021

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1