Taxpayer Fairness Act of 1998

Summary

Taxpayer Fairness Act of 1998 - Amends the Internal Revenue Code to: (1) reduce from ten to six years the statute of limitations for collections after assessments; (2) extend from three to six years the statute of limitations for claiming refunds or credits; (3) require the listing of local Internal Revenue Service (IRS) phone numbers; (4) except a taxpayer from the failure-to-pay penalty, if there is an installment agreement in effect; (5) eliminate interest payments on overlapping periods of equivalent income tax overpayments and underpayments; (6) increase the overpayment rate for noncorporate taxpayers; (7) review rejections of offers-in-compromise; (8) revise procedures for reviewing the performance of IRS agents; (9) expand the alternative dispute resolution program; (10) require the IRS to accept an installment agreement in certain instances; and (11) require the IRS to accept offers-in-compromise if the IRS cannot locate a taxpayer's records.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 18 March 1998

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 18 March 1998

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• Introduced in Senate

  summary · EN · 18 March 1998

  Open at official source

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