H. R. 7995 proposes changes to the Internal Revenue Code of 1986 to allow for more leeway in the time taxpayers have to file for refunds or credits when they have overpaid their taxes. Specifically, the bill introduces "equitable tolling" in situations where taxpayer action...
Simple Explanation
H. R. 7995 wants to give people more time to ask for their extra tax money back if the IRS made a mistake that stopped them from asking on time. It would help people when the IRS is slow or messes up, so they don't miss out on getting a refund.