The IRS reform bill, H.R. 3151—also known as the Taxpayer First Act—passed in both the House and the Senate last week and is now waiting for the president to sign it into law.
An earlier version of the bill, H.R. 1957, would have codified the IRS’s Free File program. A part of that program is a “memorandum of understanding” between the IRS and tax software companies, including a pledge that the IRS will not develop its own tax preparation software. Some members of Congress were concerned that codifying the Free File program would prohibit the IRS from ever developing its own tax preparation software. The bill that passed did not include the Free File language.
Find the details on the Taxpayer First Act and its IRS reform and taxpayer relief aspects.