The Senate Finance Committee has scheduled an April 20 (at 10 a.m.) markup of a bill to curb identity theft and tax refund fraud, as well as the Taxpayer Protection Act of 2016.

The identity theft and tax refund fraud portion of the markup was originally scheduled for September 2015, but was postponed. Provisions in the Chairman's Mark of the identity theft and tax refund fraud bill include requiring the IRS to develop a report and guidelines on identity theft and study the feasibility of blocking the processing electronically-filed tax returns, and expanding and increasing penalties.

The first Chairman's modification of the bill makes various changes, additions, and deletions. The second Chairman's modification of the bill removes the proposal to provide the Department of the Treasury and the IRS the authority to regulate all paid tax return preparers.

Attached to this alert are the following documents posted by the Committee:

— Description of the Chairman's Mark of a Bill to Prevent Identity Theft and Tax Refund Fraud;

— Estimated Revenue Effects of a Bill to Prevent Identity Theft and Tax Refund Fraud;

— Committee Summary of the Chairman's Mark of a Bill to Prevent Identity Theft and Tax Refund Fraud;

— Amendment list and amendments to the Original Bill to Prevent Identity Theft and Tax Refund Fraud;

— Description of the Chairman's First Modification to the Chairman's Mark of a Bill to Prevent Identity Theft and Tax Refund Fraud;

— Description of the Chairman's Second Modification to the Chairman's Mark of a Bill to Prevent Identity Theft and Tax Refund Fraud;

— Estimated Revenue Effects of the Chairman's First and Second Modifications to the Chairman's Mark of a Bill to Prevent Identity Theft and Tax Refund Fraud;

— Description of the Chairman's Mark of the "Taxpayer Protection Act of 2016"; and

— Estimated Revenue Effects of the Chairman's Mark of the "Taxpayer Protection Act of 2016."

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ATTACHMENTS

Bill to Prevent Identity Theft and Tax Refund Fraud

Summary of the Chairman's Mark

List of amendments

Description of amendments

JCT description of the Chairman's Mark

JCT estimated revenue effects of the Chairman's Mark

JCT description of the Chairman's first modification

JCT description of the Chairman's second modification

JCT estimated revenue effects of the Chairman's modifications

Taxpayer Protection Act of 2016

JCT description of the Chairman's Mark

JCT estimated revenue effects of the Chairman's Mark