Cape News

On March 31, 2025, Ways and Means Committee Chairman Jason Smith addressed the House during the debate on H.R. 998, known as the Internal Revenue Service Math and Taxpayer Help Act. He discussed its potential impact on taxpayers.

Chairman Smith emphasized the importance of transparency from the IRS. "Every year, taxpayers receive notices from the IRS proposing to adjust their tax liabilities. But unfortunately, the IRS is not required to explain the reasons for the adjustments. Nor does it need to explain that taxpayers have a legal right to dispute their adjustments within 60 days," he stated.

Smith highlighted the bipartisan nature of the new legislation, which aims to provide taxpayers with more clear-cut information. "This bipartisan legislation, the Internal Revenue Service Math and Taxpayer Help Act, sponsored by Representatives Feenstra and Schneider, will level the playing field for taxpayers and hold the IRS accountable."

This legislation will mandate the IRS to explain any errors that result in mathematical changes and inform taxpayers that they have a 60-day window to address these issues. Chairman Smith acknowledged the efforts of Representatives Feenstra and Schneider, "for their bipartisan work to bring more transparency to the IRS and protect American taxpayers from being left in fear of IRS action against them."