S. 4964: Protecting Innocent Taxpayers from Endless Assessments Act

S. 4964 is a federal bill in the 119th Congress. Currently, the Internal Revenue Service has three years to audit a tax return, but that time limit disappears if a return is false or fraudulent. Recent court cases created confusion by allowing the unlimited audit period when a paid tax preparer made… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.