House passes "Taxpayer Assistance Act of 2010" (HR 4994)

This Bill passed the House by a large margin (399-9), and now goes to the Senate. I haven't yet seen any public comments on its chances for eventual enactment, but (1) its strong bipartisan support, (2) fairly limited scope, and (3) lack of highly controversial provisions suggests smooth sailing.

It isn't as massive as the recent Health Care legislation, which you can see from the following outline. If you want to see the full text, see http://bit.ly/awAhpf

TITLE I--CELL PHONES AND ELECTRONIC FILING

• Sec. 101. Removal of cellular telephones and similar telecommunications equipment from listed property.
• Sec. 102. Electronic filing exemption for religious reasons.
• Sec. 103. Accelerate interest on refunds for returns filed electronically.

TITLE II--COLLECTION

• Sec. 201. Study on the effectiveness of collection alternatives.
• Sec. 202. Repeal of partial payment requirement on submissions of offers-in-compromise.

TITLE III--TAXPAYER ASSISTANCE AND PROTECTION IMPROVEMENTS

• Sec. 301. Referrals to Low-Income Taxpayer Clinics permitted.
• Sec. 302. Programs for the benefit of low-income taxpayers.
• Sec. 303. EITC outreach.
• Sec. 304. Taxpayer notification of suspected identity theft.
• Sec. 305. Clarification of IRS unclaimed refund authority.
• Sec. 306. Study on delivery of tax refunds.
• Sec. 307. Study on timely processing and use of information returns.
• Sec. 308. Study on easing the burden of in-person tax payments.

TITLE IV--REVENUE PROVISIONS

• Sec. 401. Expansion of bad check penalty to electronic payments.
• Sec. 402. Increase in information return penalties.
• Sec. 403. Budget compliance.

More to come...