The bill would increase criminal and civil penalties for unauthorized access to or disclosure of taxpayer information. It would raise certain criminal fines from $5,000 to $250,000 and increase the maximum prison term from five years to seven years. It would also make an IRS contractor’s willful failure to protect taxpayer information a felony if that failure leads to an unauthorized disclosure. The contractor could face a fine of at least $500,000 or 25% of certain contract obligations, whichever is greater. Civil damages would increase from $1,000 to $5,000. The bill also provides for taxpayer notification in certain cases after criminal charges are filed.
If your taxpayer information is involved in certain charged violations, the bill would require the IRS to notify you as soon as practicable. The penalties would apply to disclosures or inspections made after the bill’s enactment.
The bill does not specify government spending. It increases fines and civil damages for covered violations.
No publicly available information.
No publicly available information.