Us Congress 2025-2026 Regular Session

Us Congress House Bill HB1075 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 1075
5	5	To amend the Internal Revenue Code of 1986 to make improvements related
6	6	to tax administration.
7	7	IN THE HOUSE OF REPRESENTATIVES
8	8	FEBRUARY6, 2025
9	9	Mr. L
10	10	AHOOD(for himself, Ms. DELBENE, Mr. FEENSTRA, Mr. SCHNEIDER,
11	11	Mr. F
12	12	ITZPATRICK, and Mr. PANETTA) introduced the following bill; which
13	13	was referred to the Committee on Ways and Means
14	14	A BILL
15	15	To amend the Internal Revenue Code of 1986 to make
16	16	improvements related to tax administration.
17	17	Be it enacted by the Senate and House of Representa-1
18	18	tives of the United States of America in Congress assembled, 2
19	19	SECTION 1. SHORT TITLE. 3
20	20	This Act may be cited as the ‘‘Tax Administration 4
21	21	Simplification Act’’. 5
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24	24	•HR 1075 IH
25	25	SEC. 2. APPLICATION OF MAILBOX RULE TO DOCUMENTS 1
26	26	AND PAYMENTS ELECTRONICALLY SUB-2
27	27	MITTED TO THE INTERNAL REVENUE SERV-3
28	28	ICE. 4
29	29	(a) I
30	30	NGENERAL.—Section 7502(c) of the Internal 5
31	31	Revenue Code of 1986 is amended— 6
32	32	(1) in the heading, by inserting ‘‘
33	33	ANDPAY-7
34	34	MENT’’ after ‘‘FILING’’, 8
35	35	(2) in paragraph (2)— 9
36	36	(A) in the heading, by striking ‘‘;
37	37	ELEC-10
38	38	TRONIC FILING’’, and 11
39	39	(B) by striking ‘‘and electronic filing’’, and 12
40	40	(3) by adding at the end the following: 13
41	41	‘‘(3) E
42	42	LECTRONIC FILING AND PAYMENT .— 14
43	43	‘‘(A) I
44	44	N GENERAL.—If any return, claim, 15
45	45	statement, or other document required to be 16
46	46	filed, or any payment required to be made, 17
47	47	within a prescribed period or on or before a 18
48	48	prescribed date under authority of any provision 19
49	49	of the internal revenue laws is sent electroni-20
50	50	cally by any person to the agency, officer, or of-21
51	51	fice with which such return, claim, statement, 22
52	52	or other document is required to be filed, or to 23
53	53	which such payment is required to be made, the 24
54	54	date on which such return, claim, statement, or 25
55	55	other document, or payment, is sent electroni-26
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58	58	•HR 1075 IH
59	59	cally by such person shall be deemed to be the 1
60	60	date of delivery or the date of payment, as the 2
61	61	case may be, regardless of the date on which 3
62	62	the applicable agency, officer, or office receives 4
63	63	or reviews such return, claim, statement, docu-5
64	64	ment, or payment. 6
65	65	‘‘(B) R
66	66	EGULATIONS.—Not later than De-7
67	67	cember 31, 2025, the Secretary shall issue such 8
68	68	regulations or other guidance as the Secretary 9
69	69	determines necessary to carry out the purposes 10
70	70	of this paragraph.’’. 11
71	71	(b) E
72	72	FFECTIVEDATE.—The amendments made by 12
73	73	this section shall apply to any document or payment sent 13
74	74	after December 31, 2025. 14
75	75	SEC. 3. EXTENSION OF TIME FOR MAKING S CORPORATION 15
76	76	ELECTIONS. 16
77	77	(a) I
78	78	NGENERAL.—Section 1362(b) of the Internal 17
79	79	Revenue Code of 1986 is amended to read as follows: 18
80	80	‘‘(b) W
81	81	HENMADE.— 19
82	82	‘‘(1) I
83	83	N GENERAL.—An election under sub-20
84	84	section (a) may be made by a small business cor-21
85	85	poration for any taxable year not later than the due 22
86	86	date for filing the return of the S corporation for 23
87	87	such taxable year (including extensions). 24
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90	90	•HR 1075 IH
91	91	‘‘(2) CERTAIN ELECTIONS TREATED AS MADE 1
92	92	FOR NEXT TAXABLE YEAR .—If— 2
93	93	‘‘(A) an election under subsection (a) is 3
94	94	made for any taxable year within the period de-4
95	95	scribed in paragraph (1), but 5
96	96	‘‘(B) either— 6
97	97	‘‘(i) on 1 or more days in such taxable 7
98	98	year and before the day on which the elec-8
99	99	tion was made the corporation did not 9
100	100	meet the requirements of subsection (b) of 10
101	101	section 1361, or 11
102	102	‘‘(ii) 1 or more of the persons who 12
103	103	held stock in the corporation during such 13
104	104	taxable year and before the election was 14
105	105	made did not consent to the election, 15
106	106	then such election shall be treated as made for 16
107	107	the following taxable year. 17
108	108	‘‘(3) A
109	109	UTHORITY TO TREAT LATE ELECTIONS , 18
110	110	ETC., AS TIMELY.—If— 19
111	111	‘‘(A) an election under subsection (a) is 20
112	112	made for any taxable year after the date pre-21
113	113	scribed by this subsection for making such elec-22
114	114	tion for such taxable year or no such election is 23
115	115	made for any taxable year, and 24
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118	118	•HR 1075 IH
119	119	‘‘(B) the Secretary determines that there 1
120	120	was reasonable cause for the failure to timely 2
121	121	make such election, 3
122	122	the Secretary may treat such an election as timely 4
123	123	made for such taxable year. 5
124	124	‘‘(4) E
125	125	LECTION ON TIMELY FILED RETURNS .— 6
126	126	Except as otherwise provided by the Secretary, an 7
127	127	election under subsection (a) for any taxable year 8
128	128	may be made on a timely filed return of the S cor-9
129	129	poration for such taxable year. 10
130	130	‘‘(5) S
131	131	ECRETARIAL AUTHORITY .—The Secretary 11
132	132	may prescribe such regulations, rules, or other guid-12
133	133	ance as may be necessary or appropriate for pur-13
134	134	poses of applying this subsection.’’. 14
135	135	(b) C
136	136	OORDINATIONWITHCERTAINOTHERPROVI-15
137	137	SIONS.— 16
138	138	(1) Q
139	139	UALIFIED SUBCHAPTER S SUBSIDI -17
140	140	ARIES.—Section 1361(b)(3)(B) of such Code is 18
141	141	amended by adding at the end the following flush 19
142	142	sentence: 20
143	143	‘‘Rules similar to the rules of section 1362(b) 21
144	144	shall apply with respect to any election under 22
145	145	clause (ii).’’. 23
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148	148	•HR 1075 IH
149	149	(2) QUALIFIED SUBCHAPTER S TRUSTS .—Sec-1
150	150	tion 1361(d)(2) of such Code is amended by striking 2
151	151	subparagraph (D). 3
152	152	(c) R
153	153	EVOCATIONS.—Section 1362(d)(1) of such Code 4
154	154	is amended— 5
155	155	(1) by striking ‘‘subparagraph (D)’’ in subpara-6
156	156	graph (C) and inserting ‘‘subparagraphs (D) and 7
157	157	(E)’’, and 8
158	158	(2) by adding at the end the following new sub-9
159	159	paragraph: 10
160	160	‘‘(E) A
161	161	UTHORITY TO TREAT LATE REVOCA -11
162	162	TIONS AS TIMELY.—If— 12
163	163	‘‘(i) a revocation under subparagraph 13
164	164	(A) is made for any taxable year after the 14
165	165	date prescribed by this paragraph for mak-15
166	166	ing such revocation for such taxable year 16
167	167	or no such revocation is made for any tax-17
168	168	able year, and 18
169	169	‘‘(ii) the Secretary determines that 19
170	170	there was reasonable cause for the failure 20
171	171	to timely make such revocation, 21
172	172	the Secretary may treat such a revocation as 22
173	173	timely made for such taxable year.’’. 23
174	174	(d) E
175	175	FFECTIVEDATE.— 24
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178	178	•HR 1075 IH
179	179	(1) IN GENERAL.—Except as otherwise pro-1
180	180	vided in this subsection, the amendments made by 2
181	181	this section shall apply to elections for taxable years 3
182	182	beginning after December 31, 2025. 4
183	183	(2) R
184	184	EVOCATIONS.—The amendments made by 5
185	185	subsection (c) shall apply to revocations made after 6
186	186	the date of the enactment of this Act. 7
187	187	SEC. 4. QUARTERLY INSTALLMENTS FOR ESTIMATED IN-8
188	188	COME TAX PAYMENTS BY INDIVIDUAL. 9
189	189	(a) I
190	190	NGENERAL.—The table contained in section 10
191	191	6654(c)(2) of the Internal Revenue Code of 1986 is 11
192	192	amended— 12
193	193	(1) by striking ‘‘June 15’’ and inserting ‘‘July 13
194	194	15’’, and 14
195	195	(2) by striking ‘‘September 15’’ and inserting 15
196	196	‘‘October 15’’. 16
197	197	(b) E
198	198	FFECTIVEDATE.—The amendments made by 17
199	199	this section shall apply to installments due in taxable years 18
200	200	beginning after December 31, 2025. 19
201	201	Æ
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