I support H.R. 4163, the measure that is before us today. I would like to commend the chairman of the Subcommittee on Oversight, the gentleman from New York (Mr. Houghton), for developing this bipartisan measure that we will be voting on very shortly. The bill before us today will help taxpayers nationwide. The bill changes two current failure to pay tax penalty provisions for individual taxpayers. The bill allows the IRS to abate interest in cases that the IRS taxpayer advocate advised us that the IRS made a mistake. Too many taxpayers believe that they paid their taxes only to find out that the IRS calculated the final balance due incorrectly. Taxpayers deserve relief from interest charges in these particular situations. The bill also addresses situations where the IRS has caused an unreasonable delay or where abatement would prevent gross injustice. This legislation also allows the Congress to obtain more and better information about the IRS to ensure more effective agency and congressional oversight.
Editor's note · Context
Supporting H.R. 4163, a bill aimed at providing relief to taxpayers regarding IRS penalties.
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