H.R.6495

Amends the Internal Revenue Code to require specific taxpayer notice when information is sought from third parties.

Amends the Internal Revenue Code to require the Internal Revenue Service to provide specific taxpayer notice when information is sought from third parties. The notice must identify each specific item of information intended to be sought from the third parties. The taxpayer must be given a reasonable opportunity and a period of not less than 45 days to respond before contact is made with the third parties. The amendments apply to notices provided under section 7602(c) of the Internal Revenue Code of 1986 after 12 months from the date of enactment of this Act.