Creating An Online Platform For Instant 1099 Submissions Act

Bill: 115-hr-5377
Sponsor: full_name: Rep. Renacci, James B. [R-OH-16]
Introduced: 2018-03-21
Policy area: Taxation
Subjects: Computer security and identity theft

Government information and archives

Interest, dividends, interest rates

Internet and video services

Internet, web applications, social media

Tax administration and collection, taxpayers
Latest action: action_date: 2018-03-21
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2018-03-21
action_desc: Introduced in House
text: <p><strong></strong><b>Creating An Online Platform For Instant 1099 Submissions Act</b></p> <p>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. </p> <p>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. </p>

tv_txt: I 115th CONGRESS 2d Session H. R. 5377 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.

1. Short title This Act may be cited as the Creating An Online Platform For Instant 1099 Submissions Act . 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.