A bill to amend the Internal Revenue Code of 1954 to suspend the imposition of interest on deficiencies of income tax which result from erroneous assistance given by the Internal Revenue Service, and for other purposes.

Amends the Internal Revenue Code to direct the Secretary of the Treasurey to provide taxpayers (in writing) with whatever advice, information, or interpretations they request which pertain to the income tax. Provides that such responses shall not bind the Secretary except with respect to the computation of interest on underpayments.

Provides that interest shall be suspended on income tax deficiencies arising through errors in these responses, or in tax returns prepared by the Internal Revenue Service, where the errors arise through the fault of the Government.