Max Baucus: “I am concerned that the Senate bill contains a provision, Section 7612(b)(3) that makes it easier for the IRS to gain…”

“I am concerned that the Senate bill contains a provision, Section 7612(b)(3) that makes it easier for the IRS to gain access to software source code in the event that a taxpayer refuses to provide his own financial data to the IRS. Since the software publisher can neither provide this data themselves, nor compel a taxpayer to provide it, I believe this provision is unnecessary. The bill should not punish a third-party software company when the IRS fails to use those tools against an uncooperative taxpayer. I hope the Chairman will reconsider this issue in conference.”