Taxpayer Notification and Privacy Act

What does the Taxpayer Notification and Privacy Act do?

HR 6495 is a House bill sponsored by Rep. W. Gregory Steube (R-FL). When the IRS seeks information about you from a third party, current law requires it to notify you before making contact — but not to spell out the specific information it’s seeking. This bill requires the IRS — when the information relates to determining your tax liability, has not been previously requested from you, and could reasonably be provided by you — to identify each specific item of information it intends to seek from the third party, and to give you at least 45 days to respond before it makes contact. One exception applies: this itemized-notice requirement does not apply if the Secretary determines the third-party information is necessary. Requires the IRS to tell taxpayers exactly what information it plans to seek from third parties and give them at least 45 days to respond first.