Establishes procedures for attributing errors in payroll tax certifications by third party payors.

The bill amends the Internal Revenue Code to create procedures for attributing errors in payroll tax certifications by third party payors. If a third party payor has constructive knowledge of an error in a certification, they are responsible for the liability. If the third party payor did not have constructive knowledge, the employer is solely responsible. The Secretary cannot delay payroll tax credit processing or initiate an audit solely due to an erroneous return filed by a third party payor. The bill applies to audits, examinations, and assessments initiated after its enactment.

Establishes procedures for attributing errors in payroll tax certifications by third party payors.

The bill amends the Internal Revenue Code to create procedures for attributing errors in payroll tax certifications by third party payors. If a third party payor has constructive knowledge of an error in a certification, they are responsible for the liability. If the third party payor did not have constructive knowledge, the employer is solely responsible. The Secretary cannot delay payroll tax credit processing or initiate an audit solely due to an erroneous return filed by a third party payor. The bill applies to audits, examinations, and assessments initiated after its enactment.