Section 1 Short title
This Act may be cited as the “Taxpayer Notification and Privacy Act of 2023”.
Taxpayer Notification and Privacy Act of 2023
A BILL
To amend the Internal Revenue Code of 1986 to require the Internal Revenue Service to notify taxpayers of specific information being sought from third parties for purposes of tax administration, and for other purposes.
Sec. 2 Specificity of taxpayer notice
by striking “and” at the end of subparagraph (A),
by redesignating subparagraph (B) as subparagraph (C) and by inserting after subparagraph (A) the following new subparagraph:
“(B) identifies each specific item of information, and any specific source or medium for such information, intended to be sought from such persons,”
by striking the period at the end of subparagraph (C), as so redesignated, and inserting “, and”, and
by adding at the end the following new subparagraph:
“(D) provides the taxpayer with reasonable opportunity and a period of not less than 45 days (or more, if the taxpayer requests additional time and shows reasonable cause) before the beginning of such period to respond, including by providing the information described in subparagraph (B) before contact is made with the persons described in subparagraphs (A) and (B).”
Time for notification— Subparagraph (C) of section 7602(c)(1) of the Internal Revenue Code of 1986, as redesignated by subsection (a), is amended by striking “45 days before the beginning of such period” and inserting “60 days before the intended beginning of such period (without regard to any additional time which may be granted under subparagraph (D))”.
Effective date— The amendments made by this section shall apply to notices provided under section 7602(c) of the Internal Revenue Code of 1986 after the date of the enactment of this Act.