HF 2111 (LSB 5526YH (3) 89)

HOUSE FILE 2111

BY  FRY

A BILL FOR

An Act relating to tax return preparers providing a copy of a tax return to a taxpayer, and providing for penalties.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  NEW SECTION.  421.64A  Failure to provide a copy of a tax return —— civil penalty.
   1.  As used in this section, “tax return preparer” means any individual who, for a fee or other consideration, prepares ten or more income tax returns or claims for refund during a calendar year, or who assumes final responsibility for completed work on such income tax returns or claims for refund on which preliminary work has been done by another individual.
   2.  A tax return preparer shall provide the taxpayer a copy of a tax return prepared on behalf of the taxpayer within thirty days after the due date of the return or extension of time to file such return, as applicable. 
   3.  If the tax return preparer violates subsection 2, the violation is punishable by a civil penalty in the amount of twenty-five dollars per occurrence. The department of revenue may enforce the provisions of this section. 
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill relates to tax return preparers providing a copy of a tax return to a taxpayer. 
   The bill requires a tax return preparer to provide the taxpayer a copy of a tax return prepared on behalf of the taxpayer, within 30 days after the due date of the return or extension of time to file such return, as applicable.
   If the tax return preparer violates the bill, the violation is punishable by a civil penalty in the amount of $25 per occurrence. The department of revenue may enforce the provisions of the bill. 
   The bill defines “tax return preparer”.