S. 5072

119 S5072 IS: Taxpayer Transparency and Notice Act
 U.S. Senate
 2026-07-22
 text/xml
 EN
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 II  119th CONGRESS  2d Session  S. 5072  IN THE SENATE OF THE UNITED STATES   July 22, 2026   Mr. Luján  (for himself and  Mr. Cornyn ) introduced the following bill; which was read twice and referred to the  Committee on Finance    A BILL
To amend the Internal Revenue Code of 1986 to require the Internal Revenue Service to send quarterly notices to taxpayers with unpaid balances.
1.
Short title
This Act may be cited as the   Taxpayer Transparency and Notice Act  .
2.
Quarterly notices to certain taxpayers with delinquencies
(a)
In general
 Section 7524  of the Internal Revenue Code of 1986 is amended—
(1)
in the heading, by striking
Annual notice   and inserting
Notice  ,
(2)
by striking  Not less often than annually  and inserting the following:
(a)
In general
Except as provided in subsection (b), not less often than quarterly
 , and
(3)
by adding at the end the following:
(b)
Information on penalties and interest
The notice described in subsection (a) shall include—
(1)
an estimate of the amount of penalties and interest that may accrue if the delinquent tax debt is not fully paid within the period remaining under section 6502(a), and
(2)
programs and services that can provide assistance to the taxpayer.
(c)
Exception
The requirement under subsection (a) shall not apply—
(1)
during any period in which an agreement described in section 6159(a) or an accepted offer-in-compromise (as described in section 7122) is in effect, or
(2)
in the case of a taxpayer for which the Secretary has determined that the tax is not collectible (within the meaning of section 6343(e)).
 .
(b)
Conforming amendment
The table of sections for chapter 77 of such Code is amended by striking the item relating to section 7524 and inserting the following new item:
Sec. 7524. Notice of tax delinquency.
  .
(c)
Effective date
The amendments made by this section shall take effect on the date which is 24 months after the date of enactment of this Act.