A bill to amend the Internal Revenue Code of 1954 to provide that preparers of income tax returns shall report certain information to the Internal Revenue Service, and to prohibit preparation of returns by a person convicted of preparing a fraudulent return.

Summary

Requires each preparer of income tax returns who does such for compensation to file an annual report with the Secretary of the Treasury, stating: (1) the name and address and the taxpayer identification number of each taxpayer for whom the preparer, during the 12-month period ending June 30, prepared a return of the tax imposed by chapter 1 of the Internal Revenue Code; (2) the business address and the home address of the preparer and his taxpayer identification number; (3) the place at which all copies of the returns prepared by him during such period will be held by him for inspection by the Secretary or his delegate; (4) if any such returns were prepared by him in his capacity as the employee, agent, or licensee of another person, the name, address, and taxpayer identification number of such other person and his relationship to such person; and (5) such other information as may be required under regulations promulgated by the Secretary or his delegate. Sets forth criminal penalties for violation of this section. Provides that each tax return shall disclose the name, address, and the taxpayer identification number of the preparer. States that if any person is convicted after the date of enactment of this Act of filing a false or fraudulent tax return, or of assisting in the preparation of any such return, it shall be unlawful after the date of conviction for such person to prepare for compensation the tax return of another taxpayer. (Adds 26 U.S.C. 6058, 7217)

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1 official file

• Introduced in House

  summary · EN · 16 July 1973

  Open at official source

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