Federal SB5073 mandates annual reports on tax fraud prevention and tax law complexity analyses.

Federal SB5073, the Tax Complexity and Fraud Prevention Review Act, requires the Secretary of the Treasury to submit annual reports to Congress detailing efforts by the Internal Revenue Service (IRS) to identify, prevent, and resolve tax fraud. These reports must include specific information and guidelines exchanged with other members of the Security Summit, as well as recommendations for improvements. Additionally, the bill mandates annual analyses of sources of tax law complexity, separate from existing reports.

Federal SB5073 mandates annual reports on tax fraud prevention and tax law complexity analyses.

Federal SB5073, the Tax Complexity and Fraud Prevention Review Act, requires the Secretary of the Treasury to submit annual reports to Congress detailing efforts by the Internal Revenue Service (IRS) to identify, prevent, and resolve tax fraud. These reports must include specific information and guidelines exchanged with other members of the Security Summit, as well as recommendations for improvements. Additionally, the bill mandates annual analyses of sources of tax law complexity, separate from existing reports.