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Search Results: keywords:"electronic submissions"

  • The bill, S. 684, also known as the "Tax Administration Simplification Act," proposes changes to the Internal Revenue Code of 1986. It aims to extend the time allowed for S corporations to file elections and amend processes related to their filing. Additionally, it modifies deadlines for...

    Simple Explanation

    The bill wants to make it easier for small businesses to tell the government when they are changing how they pay their taxes and to help them do this online instead of using paper.

  • The bill S. 5316, known as the "Tax Administration Simplification Act," proposes changes to the Internal Revenue Code to make it easier for small businesses to elect to be S corporations. It extends the time allowed for making these elections to align with the due date for...

    Simple Explanation

    The bill wants to make it easier for small businesses to choose a special tax status called "S corporation," by giving them more time to decide and file. It also makes sure that when people send their tax forms online, it's okay if they send them right at the deadline.

  • The Tax Administration Simplification Act (H. R. 8864) proposes several changes to the Internal Revenue Code. The bill aims to simplify tax administration by recognizing electronic submissions to the IRS as valid on the date they are sent, extending the deadline for S...

    Simple Explanation

    The Tax Administration Simplification Act wants to make doing taxes easier by allowing electronic filings to count on the day they're sent, giving more time for certain businesses to make choices about their taxes, and moving some tax payment due dates to later.

  • H.R. 1152, titled the "Electronic Filing and Payment Fairness Act," aims to change the Internal Revenue Code of 1986 by applying the mailbox rule to electronic submissions. This would mean that when individuals or businesses send required documents or payments to the IRS electronically, the...

    Simple Explanation

    H.R. 1152 is about making a rule that says when someone sends a form or money to the tax office online, the day they send it is counted as the day it arrives, even if the tax office gets it later. This change is like saying, "If the mailman gets your letter today, it's like the person got it today too."