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Protecting Innocent Taxpayers from Endless Assessments Act

S. 4964 · 119th Congress · Jul 14, 2026 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to clarify that the exception to the general statute of limitations for fraudulent returns applies only when a taxpayer seeks to evade their tax obligations.

Section 1 Short title

This Act may be cited as the “Protecting Innocent Taxpayers from Endless Assessments Act”.

Sec. 2 Limitation period not extended for victims of preparer fraud

(a)
In general— Section 6501(c)(1) of the Internal Revenue Code of 1986 is amended by inserting “by the taxpayer” after “intent”.
(b)
Effective date— The amendment made by this section shall apply to assessments made or proceedings begun after the date of enactment of this Act.