To amend the Internal Revenue Code of 1986 to require website-based, real-time responses to requests to verify taxpayer income for legitimate business purposes.
IRS Data Verification Modernization Act of 2016
This bill specifies requirements for Internal Revenue Service (IRS) programs to disclose returns and return information to confirm a taxpayer's income for a legitimate business purpose.
The IRS must ensure that the disclosure process is: (1) conducted entirely through fully automated and electronic means accessible through the Internet, and (2) able to be completed in as close to real-time as is practicable. In establishing the program, the IRS must, to the extent practicable, use resources in operation or in development at the IRS.
Recipients authorized to receive returns or return information on behalf of taxpayers must maintain adequate security to protect the information being disclosed.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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