H.R. 6495 Amendment - Taxpayer Notification and Privacy Act - Third-Party Contact Notice Specificity

N S AMENDMENT IN THEOATURE OF A GUBSTITUTE H.R. 6495 TO M. S M FFERED BYRMITH OF ISSOURI Strike all after the enacting clause and insert the following:

SECTION 1. SHORT TITLE. 1

This Act may be cited as the ''Taxpayer Notification 2 and Privacy Act''. 3

SEC. 2. SPECIFICITY OF THIRD-PARTY CONTACT NOTICES. 4

.--Paragraph (1) of section 7602(c) 5(a) INENERAL of the Internal Revenue Code of 1986 is amended-- 6 (1) by striking ''and'' at the end of subpara-7 graph (A), 8 (2) by redesignating subparagraph (B) as sub-9 paragraph (C), 10 (3) by inserting after subparagraph (A) the fol-11 lowing new subparagraph: 12 ''(B) in any case in which the information 13 sought to be obtained from such other persons 14 is related to determining tax liability, has not 15 been previously requested from the taxpayer, 16 and could reasonably be provided by the tax-17 payer, identifies each specific item of informa-18

tion intended to be sought from such persons, 1 and'', and 2 (4) by amending subparagraph (C), as redesig-3 nated by paragraph (2), to read as follows: 4 ''(C) except as otherwise provided by the 5 Secretary, provides the taxpayer with reason-6 able opportunity (including, in any case to 7 which subparagraph (B) applies, by providing 8 the information described in such subpara-9 graph) and a period of not less than 45 days 10 (or more, if the taxpayer requests additional 11 time and shows reasonable cause) to respond 12 before contact is made with such other per-13 sons.''. 14 .--Section 7602(c)(3) of the Internal 15(b) EXCEPTION Revenue Code of 1986 is amended-- 16 (1) by redesignating subparagraphs (A), (B), 17 and (C) as clauses (i), (ii), and (iii), respectively, 18 and by moving such clauses 2 ems to the right, 19 .--This sub-20(2) by striking ''E XCEPTIONS .-- 21section'' and inserting ''E XCEPTIONS .--This subsection'', and 22 ''(A) I N GENERAL (3) by adding at the end the following new sub-23 paragraph: 24

-1''(B) EDXCEPTION FOR INFORMATION SPEC .--Subparagraph (B) of paragraph (1) 2IFICITY (and so much of subparagraph (C) of para-3 graph (1) as relates to such subparagraph (B)) 4 shall not apply to information sought from a 5 person other than the taxpayer if the Secretary 6 determines that such information is nec-7 essary.''. 8 .--The amendments made by 9(c) EFFECTIVEATE this section shall apply to notices provided under section 10 7602(c) of the Internal Revenue Code of 1986 after the 11 date that is 12 months after the date of the enactment 12 of this Act. 13