Title: Creating An Online Platform For Instant 1099 Submissions Act
Policy area: Taxation

Summary:
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.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5377 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 5377

To require the Secretary of the Treasury to make available an internet 
    platform to prepare and file Forms 1099, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 21, 2018

   Mr. Renacci (for himself, Mrs. Black, and Mr. Bishop of Michigan) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
To require the Secretary of the Treasury to make available an internet 
    platform to prepare and file Forms 1099, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Creating An Online Platform For 
Instant 1099 Submissions Act''.

SEC. 2. INTERNET PLATFORM FOR FORM 1099 FILINGS.

    (a) In General.--Not later than January 1, 2021, the Secretary of 
the Treasury or the Secretary's delegate (hereafter referred to in this 
section as the ``Secretary'') shall make available an Internet website 
or other electronic media, with a user interface and functionality 
similar to the Business Services Online Suite of Services provided by 
the Social Security Administration, that will provide taxpayers access 
to resources and guidance provided by the Internal Revenue Service and 
will allow taxpayers to--
            (1) prepare and file Forms 1099,
            (2) prepare Forms 1099 for distribution to recipients other 
        than the Internal Revenue Service, and
            (3) create and maintain necessary taxpayer records.
    (b) Electronic Services Treated as Supplemental; Application of 
Security Standards.--The Secretary shall ensure that the services 
described in subsection (a)--
            (1) are a supplement to, and not a replacement for, other 
        services provided by the Internal Revenue Service to taxpayers, 
        and
            (2) comply with applicable security standards developed by 
        the National Institute of Standards and Technology.
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