A bipartisan group of lawmakers have introduced legislation that would increase the penalties on tax preparers who defraud taxpayers and the Internal Revenue Service by altering tax returns for personal benefit without their clients’ knowledge.
The bill, known as the “Fighting Tax Fraud Act,” was introduced Tuesday by Rep. Erik Paulsen, R-Minn., who joined fellow members of the House Ways and Means Committee, Chairman Charles Boustany, R-La., ranking Democratic member John Lewis, D-Ga., and ranking member Jim McDermott, D-Wash., in sponsoring the bill. Paulsen referred to the bill during a subcommittee hearing devoted to identity theft and tax fraud (see IRS and Social Security Urged to Curb Tax Fraud and Identity Theft).
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