A new bipartisan bill to change the tax code would require the IRS to be specific about accounting errors on Americans’ tax returns and provide a computation of what the agency believes is the correct amount of tax owed.
According to The Hill, the IRS currently has the authority to fix math errors as long as it notifies taxpayers of the adjustment and gives them 60 days to respond.
The IRS Math and Taxpayer Help Act of 2024 would “forbid the practice of reporting multiple alternative errors instead of adequately describing the error underlying the adjustment.”
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