U.S. Congress - H.R.5630 Fighting Tax Fraud Act of 2012
H.R.5630 - Fighting Tax Fraud Act of 2012
To amend the Internal Revenue Code of 1986 to provide an increased penalty in certain cases of fraudulent understatement of a taxpayer's liability by a tax return preparer. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to provide an increased penalty in certain cases of fraudulent understatement of a taxpayer's liability by a tax return preparer. as introduced.
- Short: Fighting Tax Fraud Act of 2012 as introduced.
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Official Summary
5/8/2012--Introduced.Fighting Tax Fraud Act of 2012 - Amends the Internal Revenue Code to impose an increased penalty on a tax return preparer who engages in fraudulent conduct by: (1) willfully modifying any tax return or claim for refund which creates an understatement of tax liability aOfficial Summary
5/8/2012--Introduced.Fighting Tax Fraud Act of 2012 - Amends the Internal Revenue Code to impose an increased penalty on a tax return preparer who engages in fraudulent conduct by:(1) willfully modifying any tax return or claim for refund which creates an understatement of tax liability after such return or claim has been signed by the taxpayer, and
(2) willfully attempting to intercept the proceeds of such modified refund or claim. Establishes the penalty amount at the greater of $5,000 or the amount of the understated tax liability.
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