U.S. Congress - H.R.1677 Taxpayer Protection Act of 2007
H.R.1677 - Taxpayer Protection Act of 2007
To amend the Internal Revenue Code of 1986 to enhance taxpayer protections and outreach. view all titles (4)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to enhance taxpayer protections and outreach. as introduced.
- Short: Taxpayer Protection Act of 2007 as introduced.
- Short: Taxpayer Protection Act of 2007 as reported to house.
- Short: Taxpayer Protection Act of 2007 as passed house.
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Latest Action Apr 18, 2007Received in the Senate and Read twic... Related Bills (0) & Issues (59)
Official Summary
4/17/2007--Passed House amended. Taxpayer Protection Act of 2007 - Amends Internal Revenue Code provisions relating to tax administration and taxpayer protections.(Sec. 2)
Allows married couples who file a joint tax return to elect to conduct their business activities as a qualified joint venture without being treated as a partnership. Defines "qualified joint venture" as a trade or business entity in which the only members are a husband and wife who materially participate in such venture. Allows participating spouses to conduct their individual business activities as sole proprietors and divides their items of income and expense in accordance with their respective interests in such venture.(Sec. 3)
Requires the Secretary of the Treasury to notify a taxpayer of:(1) any unauthorized use of such taxpayer's identity (suspected identity theft) which the Secretary uncovers during an investigation of false statements or tax returns; and
(2) any criminal charges brought against an individual who is using the identity of such taxpayer.
(Sec. 4)
Extends from nine months to two years the period in which the Internal Revenue Service (IRS) may return property that has been wrongfully levied and for bringing a civil action for wrongful levy.(Sec. 5)
Allows taxpayers to recontribute to their individual retirement accounts (IRAs), without penalty or limitation, amounts that were wrongfully levied by the IRS. Requires the IRS to pay interest on IRA amounts that were wrongfully seized.(Sec. 6)
Allows the IRS to use any means of mass communication (e.g., the Internet) to publish unclaimed refund amounts.(Sec. 7)
Prohibits the Secretary from allowing the payment of taxpayer refunds to any refund anticipation loan business whose business practices are predatory.(Sec. 8)
Expands the prohibitions against the misuse of Department of the Treasury names and symbols to the use of such names and symbols on an Internet domain address.(Sec. 9)
Requires the Secretary to notify in writing certain taxpayers who may be eligible for the earned income credit of their eligibility for such credit.(Sec. 10)
Sets forth an alternative procedure for furnishing a non-foreign affidavit in connection with the sale of a U.S. real property interest (USRPI) and the exemption from withholding of tax requirements. Allow a transferor of a USRPI to furnish a non-foreign affidavit to a qualified substitute (i.e., a person responsible for closing the transaction involving a USRPI or the transferee's agent). Denies an exemption from withholding of tax requirements if the qualified substitute or a transferee has actual knowledge that the non-foreign affidavit is false.(Sec. 11)
Authorizes the Secretary to disclose to the head of the Federal Bureau of Prisons any return information of a federal inmate whom the Secretary has determined may have filed or facilitated the filing of a false tax return. Terminates the authority of the Secretary to make such disclosures after December 31, 2010. Requires the Inspector General for Tax Administration of the Department of the Treasury to report to Congress on the implementation of such disclosure authority.(Sec. 12)
Increases the penalty for tendering a bad check or money order for payment of taxes....Read the Rest
Recent News Coverage
Investigators: Inmates File False Tax Returns
Late Tuesday night, the US House of Representatives passed the HR 1677, a new bill designed to stop prisoners from filing false tax returns because of ...
Taxpayer Protection Package & Identity Theft Legislation Reaches ...
HR 1677, sponsored by House Ways and Means Committee Chairman Charles B. Rangel (D-New York), would also impose tougher standards on companies that make ...
Pelosi: On This Tax Day, Democrats are Restoring Accountability ...
The Taxpayer Protection Act of 2007, HR 1677, which passed this evening by a vote of 407 to 7, includes measures to: require IRS investigations to provide ...
Recent Blog Coverage
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Banks.com Inc. F3Q09 Earnings Call Transcript - Seeking Alpha
These include our ongoing business transition, our changing partner mix and the loss of two historically large search partners, the impact of the Taxpayer Protection Act HR 1677 and the exiting of certain legacy businesses which ...
The Truth Test: Arcuri's plan when he went to congress | NBC-WKTV ...
Cutting taxes for middle class families â Arcuri has supported and voted on bills to do just that (HR 1871 and HR 1677). HR 1871 has been introduced to House, co-sponsored by Arcuri, but still has to pass the House before it moves ...
bachmann votes--2007
she was one of only seven to vote against hr 1677, the taxpayer protection act of 2007. seven. april 25, 2007 she was one of only 45 to vote against hr 1332, the small business lending improvements act of 2007, which among other things, ...
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