Sec. 101. Report on IRS authority to compromise tax matters
120 words·~1 min read·
/bill/114/s/3156/pcs/section-101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 12 months after the date of the enactment of this Act, the Comptroller General shall submit a report to the applicable Congressional committees which evaluates— how the Internal Revenue Service exercises its authority to compromise tax matters under section 7122 of the Internal Revenue Code of 1986, including any recommendations for such legislative and administrative actions as the Comptroller General determines appropriate, and the role of the Office of the Chief Counsel for the Internal Revenue Service in consideration of offers under such section, including any recommendations regarding whether to amend or eliminate the requirement under subsection
(b)of such section of a written opinion for cases in which the unpaid amount of tax assessed exceeds $50,000.