,i #aai? ,,congress #a/ ,session ,h4 ,r4 #aihc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #aj1 #bjbe,mr4 ,coh5 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d title #ca1 ,unit$ ,/ates ,code1 to direct ! ,secret>y ( ! ,treasury to regulate tax return prep>]s1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,tax ,return ,prep>] ,acc\ntability ,act ( #bjbe4 #b4 ,regulation ( tax return prep>]s 7a7 ,9 g5]al ,subsection 7a7 ( section #ccj ( title #ca1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 by /rik+ p>agraph 7#a7 & ins]t+ ! foll[+3 7#a7 regulate-- 7,a7 ! practice ( repres5tatives ( p]sons be=e ! ,dep>tm5t ( ! ,treasury2 & 7,b7 ! practice ( tax return prep>]s2 & 2 & 7#b7 9 p>agraph 7#b7-- 7,a7 by ins]t+ or a tax return prep>] to prep>e tax returns aft] practice2 7,b7 by ins]t+ or tax return prep>] be=e demon/rate2 & 7,c7 by ins]t+ or 9 prep>+ _! tax returns1 claims = refund1 or docum5ts 9 connection ) tax returns or claims = refund aft] cases 9 subp>agraph 7,d74 7b7 ,au?ority ,to sanction regulat$ tax return prep>]s ,subsection 7c7 ( section #ccj ( title #ca1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 by /rik+ be=e ! ,dep>tm5t2 7#b7 by ins]t+ or tax return prep>] aft] repres5tative ea* place x appe>s2 & 7#c7 9 p>agraph 7#d71 by /rik+ misleads or ?reat5s & all t foll[s & ins]t+ misleads or ?reat5s-- 7,a7 any p]son be+ repres5t$ or any prospective p]son be+ repres5t$2 or 7,b7 any p]son or prospective p]son ^: tax return1 claim = refund1 or docum5t 9 connection ) a tax return or claim = refund1 is be+ or may be prep>$4 4 7c7 ,m9imum compet5cy /&>ds = tax return prep>]s ,section #ccj ( title #ca1 ,unit$ ,/ates ,code1 is am5d$ by add+ at ! end ! foll[+ new subsection3 7f7 ,tax return prep>]s 7#a7 ,9 g5]al ,any tax return prep>] %all demon/rate m9imum compet5cy /&>ds "u ?is subsection by-- 7,a7 obta9+ an id5tify+ numb] = secur+ prop] id5tification ( su* prep>] z describ$ 9 section #faji7;a77#d7 ( ! ,int]nal ,rev5ue ,code ( #aihf2 7,b7 satisfy+ any exam9ation & annual cont9u+ education requirem5ts z prescrib$ by ! ,secret>y2 & 7,c7 complet+ a backgr\nd *eck adm9i/]$ by ! ,secret>y4 7#b7 ,exemption ,! ,secret>y %all exempt tax return prep>]s :o h be5 subject to comp>able exam9ation1 cont9u+ education requirem5ts1 & backgr\nd *ecks adm9i/]$ by ! ,secret>y or any comp>able ,/ate lic5s+ program4 ,su* exemption %all ext5d directly to individuals :o are sup]vis$ by su* prep>]s & are n requir$ to secure an id5tification numb] "u section #faji7;a77#d74 4 7d7 ,tax return prep>] def9$ ,section #ccj ( title #ca1 ,unit$ ,/ates ,code1 z am5d$ by subsection 7c71 is am5d$ by add+ at ! end ! foll[+ new subsection3 7g7 ,tax return prep>] ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m tax return prep>] has ! mean+ giv5 su* t]m "u section #ggja7;a77#cf7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#b7 ,tax return ,! t]m tax return has ! mean+ giv5 to ! t]m return "u section #ffif7;e77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#c7 ,claim = refund ,! t]m claim = refund has ! mean+ giv5 su* t]m "u section #ffif7;e77#b7 ( su* ,code4 4 7e7 ,am5dm5ts ) respect to id5tify+ numb] 7#a7 ,9 g5]al ,section #faji7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ p>agraph 7#d7 & ins]t+ ! foll[+3 7#d7 ,furni%+ id5tify+ numb] ( tax return prep>] 7,a7 ,9 g5]al ,any return or claim = refund prep>$ by a tax return prep>] %all be> su* id5tify+ numb] = secur+ prop] id5tification ( su* prep>]1 8 employ]1 or bo?1 z may be prescrib$4 ,= purposes ( ?is p>agraph1 ! t]ms return & claim = refund h ! respective mean+s giv5 to su* t]ms by section #ffif7;e74 7,b7 ,exception ,subp>agraph 7,a7 %all n apply ) respect to ! prep>ation ( any return or claim = refund by a tax return prep>] if-- 7i7 su* return or claim is prep>$ by su* prep>] :ile su* prep>] is employ$ by an attorney1 c]tifi$ public acc\ntant1 or enroll$ ag5t firm1 & 7ii7 su* prep>] prep>es su* return or claim "u ! sup]vision & direction ( a tax return prep>] :o signs su* return or claim & is an attorney1 c]tifi$ public acc\ntant1 or enroll$ ag5t4 4 7#b7 ,cl>ification ( rescission au?ority ,section #faji ( su* ,code is am5d$ by ins]t+ aft] subsection 7d7 ! foll[+ new subsection3 7e7 ,au?ority ,to resc9d id5tify+ numb] ( tax return prep>] 7#a7 ,9 g5]al ,! ,secret>y may resc9d an id5tify+ numb] issu$ "u subsection 7a77#d7 if-- 7,a7 aft] notice & opportunity = a he>+1 ! prep>] is %[n to be incompet5t or disreputable 7z su* t]ms are us$ 9 subsection 7c7 ( section #ccj ( title #ca1 ,unit$ ,/ates ,code72 & 7,b7 resc9d+ ! id5tify+ numb] w\ld promote compliance ) ! requirem5ts ( ?is title & effective tax adm9i/ration4 7#b7 ,records ,if an id5tify+ numb] is resc9d$ "u p>agraph 7#a71 ! ,secret>y %all place 9 ! file 9 ! ,(fice ( ! ,director ( ,pr(essional ,responsibility ! op9ion ( ! ,secret>y ) respect to ! det]m9ation1 includ+-- 7,a7 a /atem5t ( ! facts & circum/ances relat+ to ! det]m9ation2 & 7,b7 ! reasons = ! rescission4 4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to returns fil$ aft] ! date ( ! enactm5t ( ?is ,act4 #c4 ,te*nology updates at ,int]nal ,rev5ue ,s]vice 7a7 ,implem5tation ( automat$ =mula ,to id5tify taxpay]s at risk ( economic h>d%ip ,z soon z practicable1 ! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate71 %all implem5t at ! ,int]nal ,rev5ue ,s]vice an algori?m t w enable ! ,int]nal ,rev5ue ,s]vice to-- 7#a7 id5tify taxpay]s at high risk ( economic h>d%ip 7z def9$ by ! ,secret>y 9 regulations71 7#b7 ask que/ions ( taxpay]s :o contact ! ,int]nal ,rev5ue ,s]vice reg>d+ a balance due = purposes ( id5tify+ ^? at risk ( h>d%ip1 7#c7 9 ! case ( taxpay]s at risk ( economic h>d%ip :o seek to ent] into /reaml9$ in/allm5t agreem5ts onl9e1 to notify su* taxpay]s ( ! res\rces available to !m1 7#d7 det]m9e :e!r to exclude taxpay]s' debts f automat$ collection treatm5ts su* z ! ,f$]al ,paym5t ,levy ,program1 ! private debt collection program1 & passport c]tification1 & 7#e7 rank cases = collection priority4 7b7 ,security /&>ds = tax s(tw>e ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate71 %all-- 7#a7 z soon z practicable1 promulgate su* regulations & guidance z are necess>y to prescribe in=mation security /&>ds = all tax s(tw>e provid]s1 & 7#b7 annually !reaft]1 review & update su* /&>ds4