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Accountancy Slice
North America
President Donald Trump has enacted the Internal Revenue Service Math and Taxpayer Help Act, mandating the IRS to provide clear explanations for tax-filing errors in its math error notices. This bipartisan legislation, introduced by Rep. Randy Feenstra (R-IA) and Rep. Brad Schneider (D-IL), aims to enhance taxpayer rights by requiring the IRS to specify the reasons for adjustments and inform taxpayers of their right to challenge these assessments within 60 days. "Americans must show the math on their tax return, and now the IRS has to as well," stated House Ways and Means Committee chairman Jason Smith (R-MO). The law also initiates a pilot program for certified mail notifications to improve communication with taxpayers.
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