The Taxpayer Transparency and Notice Act requires the IRS to send quarterly notices to taxpayers with unpaid balances.

The Taxpayer Transparency and Notice Act amends the Internal Revenue Code to mandate that the Internal Revenue Service (IRS) send quarterly notices to taxpayers who have unpaid balances. These notices must include an estimate of penalties and interest that may accrue if the debt remains unpaid. The requirement does not apply during periods when an agreement or offer-in-compromise is in effect, or if the IRS determines the tax is not collectible. The changes will take effect 24 months after the enactment of the Act.

The Taxpayer Transparency and Notice Act requires the IRS to send quarterly notices to taxpayers with unpaid balances.

The Taxpayer Transparency and Notice Act amends the Internal Revenue Code to mandate that the Internal Revenue Service (IRS) send quarterly notices to taxpayers who have unpaid balances. These notices must include an estimate of penalties and interest that may accrue if the debt remains unpaid. The requirement does not apply during periods when an agreement or offer-in-compromise is in effect, or if the IRS determines the tax is not collectible. The changes will take effect 24 months after the enactment of the Act.