TXCPA Committee Responds to IRS Rules Proposing to Limit Advance Notice of Third-Party Contacts

 

This week, TXCPA’s Federal Tax Policy Committee issued a comments letter to the IRS on rulemaking that seeks to limit taxpayer rights. The proposed regulations REG-117542-22 would give the IRS discretion to reduce a congressionally-mandated 45-day notice to 10 days to taxpayers before contacting a third party – friends, colleagues, employers, vendors – with respect to the determination of tax collection. Imminent statute situations often occur because of decisions made by the IRS regarding resources or in some cases due to lack of diligence by IRS employees. The committee feels strongly that the 45-day notification period should be respected unless there is some compelling reason to disregard it. Taxpayers should not be disadvantaged by possible IRS delays.

 

Read the letter.