H.R.556 - Refundable Child Tax Credit Eligibility Verification Reform Act of 2013113th Congress (2013-2014)
|Sponsor:||Rep. Johnson, Sam [R-TX-3] (Introduced 02/06/2013)|
|Committees:||House - Ways and Means|
|Latest Action:||02/06/2013 Referred to the House Committee on Ways and Means. (All Actions)|
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Summary: H.R.556 — 113th Congress (2013-2014)All Bill Information (Except Text)
Introduced in House (02/06/2013)
Refundable Child Tax Credit Eligibility Verification Reform Act of 2013 - Amends the Internal Revenue Code, with respect to the child tax credit, to require taxpayers claiming such credit to provide their social security numbers on their tax returns.
Prohibits taxpayers who improperly claimed such credit in a previous year from claiming such credit during a disallowance period of: (1) 2 years for claims made with reckless or intentional disregard of rules governing such credit, or (2) 10 years for fraudulent claims.
Requires the Secretary of the Treasury to prescribe a form for completion by paid income tax preparers in connection with claims for the refundable portion of the child tax credit. Imposes a penalty on preparers who fail to comply with due diligence requirements for claiming the refundable portion of the credit.