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house Bill H.R. 4233

Improper Tax Payments Reduction Act of 2017

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedNovember 2nd, 2017

Bill Details

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Title

Improper Tax Payments Reduction Act of 2017

Official Title

To amend the Internal Revenue Code of 1986 to prevent the fraudulent overreporting of income with respect to the earned income tax credit and the additional child tax credit.

Summary

Improper Tax Payments Reduction Act of 2017 This bill amends the Internal Revenue Code, with respect to the earned income tax credit, to: (1) specify that a taxpayer must claim all allowable deductions when determining net earnings from self-employment, (2) require employers who report wages to include the name and address of each employee and the amount of reportable wages received by each of those employees, and (3) limit earned income to amounts substantiated by the taxpayer on statements furnished or returns filed under third-party information reporting requirements or amounts substantiated by the taxpayer's books and records.

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