H.R.5377 - Creating An Online Platform For Instant 1099 Submissions Act115th Congress (2017-2018) |
|Sponsor:||Rep. Renacci, James B. [R-OH-16] (Introduced 03/21/2018)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/21/2018 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.5377 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (03/21/2018)
Creating An Online Platform For Instant 1099 Submissions Act
This bill directs the Internal Revenue Service (IRS) to provide taxpayers with online access to IRS resources and guidance that will allow them to: (1) prepare and file Forms 1099, (2) prepare Forms 1099 for distribution to recipients other than the IRS, and (3) create and maintain necessary taxpayer records.
The IRS must ensure that the online services required by this bill: (1) are a supplement to, and not a replacement for, other services provided to taxpayers by the IRS; and (2) comply with security standards developed by the National Institute of Standards and Technology.