Bill · S. 4964· Senate(119-S-4964)
Protecting Innocent Taxpayers from Endless Assessments Act
- Introduced
- 7/14/2026
- Last activity
- 7/14/2026 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Roger Marshall
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill, titled the Protecting Innocent Taxpayers from Endless Assessments Act'', aims to amend the Internal Revenue Code of 1986. It seeks to clarify the exception regarding the statute of limitations for fraudulent returns. Specifically, it would mandate that the exception only applies when the taxpayer themselves has the intent to evade tax obligations. This change would be implemented by adding the phrase by the taxpayer'' to Section 6501(c)(1). The amendment would apply to assessments or proceedings that occur after the act is enacted.
Yes· 3 of 5
Does this protect the right to fair treatment by the courts?+5
The bill protects taxpayers from indefinitely extended assessment periods caused by the fraudulent actions of third-party preparers.
Would households on low incomes be better off under this?+3
The bill protects individuals from being held liable indefinitely for tax errors caused by fraudulent third-party preparers.
Would middle-income households be better off under this?+3
It prevents the IRS from extending the statute of limitations for taxpayers who were victims of preparer fraud.
The opposite
Does this make the government pay for what it commits to?-2
By limiting the timeframe in which the IRS can assess taxes for fraudulent returns, it potentially reduces the government's long-term ability to collect unpaid taxes.
Who it would affect, and how
Potential Positive Impacts for People
- Protection from Preparer Fraud: By amending Section 6501(c)(1) to require that the intent to evade must be ``by the taxpayer,'' the bill could protect individuals who are victims of fraud committed by their tax preparers (Section 2(a)). This ensures the statute of limitations for the government to collect taxes is not indefinitely extended due to the actions of a third party.
Potential Negative Impacts for People
- No negative impacts are explicitly detailed in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Low Income Households+3Good For Middle Class Households+3Good For High Income Households+2
- Governance And Ideology
- Improves Due Process+5Improves Government Transparency+1
- Economy And Finance
- Improves Fiscal Responsibility-2
- 7/14/2026
- Read twice and referred to the Committee on Finance.
- 1 Cosponsor added.
- Introduced in Senate
Peter WelchDemocrat · Vermont