Detailed Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Problem:SECTION 1. SHORT TITLE; TABLE OF CONTENTS.

(a) Short Title.--This Act may be cited as the ''Small Business
Owners' Tax Simplification Act of 2017''.
(b) Table of Contents.--The table of contents for this Act is as
follows:

Sec. 1. Short title; table of contents.
Sec. 2. Quarterly reporting of estimated tax payments.
Sec. 3. Aligning the filing thresholds for information reporting.
Sec. 4. Uniform standards for the use of electronic signatures for
third-party disclosure authorizations.
Sec. 5. Pre-notification testing.
Sec. 6. Treatment of cafeteria plans for employee-owners.
Sec. 7. Excluding from self-employment income net earnings less than
amount required for Social Security
quarters of coverage.
Sec. 8. Allowing a deduction for certain health insurance costs for
self-employment tax purposes.
Sec. 9. No effect of voluntary withholding agreements on worker
classification.
Sec. 10. Effect of voluntary training and group discount programs on
worker classification.

SEC. 2. QUARTERLY REPORTING OF ESTIMATED TAX PAYMENTS.

(a) In General.--The table contained in paragraph (2) of section
6654(c) of the Internal Revenue Code of 1986 is amended--
(1) by striking ''June 15'' and inserting ''July 15'', and
(2) by striking ''September 15'' and inserting ''October
15''.
(b) Effective Date.--The amendments made by this section shall
apply to installments due in taxable years beginning after December 31,
2017.

SEC. 3. ALIGNING THE FILING THRESHOLDS FOR INFORMATION REPORTING.

(a) Increasing the Dollar Threshold Required for Filing a 1099-
MISC.--
(1) In general.--Subsection (a) of section 6041 of the
Internal Revenue Code of 1986 is amended by striking ''$600''
and inserting ''$1,500''.
(2) Inflation adjustment.--Section 6041 of such Code is
amended by adding at the end the following new subsections:
''(h) Inflation Adjustment.--In the case of any taxable year
beginning in a calendar year after 2018, the dollar amount in
subsection (a) shall be increased by an amount equal to--
''(1) such dollar amount, multiplied by
''(2) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which the taxable year
begins, determined by substituting 'calendar year 2017' for
'calendar year 1992' in subparagraph (B) thereof.
''(i) Rounding.--If any dollar amount in subsection (a) (after
being increased under subsection (g)) is not a multiple of $100, such
dollar amount shall be rounded to the nearest multiple of $100.''.
(3) Conforming amendment.--The heading of subsection (a) of
section 6041 of such Code is amended to read as follows:
''Payments Exceeding Threshold.''.
(b) Increasing the Dollar Limit for Remuneration for Services and
Direct Sales.--
(1) In general.--Paragraph (2) of section 6041A(a) of the
Internal Revenue Code of 1986 is amended by striking ''$600''
and inserting ''$1,500''.
(2) Inflation adjustment.--Section 6041A of such Code is
amended by adding at the end the following new subsections:
''(g) Inflation Adjustment.--In the case of any taxable year
beginning in a calendar year after 2018, the dollar amount in
subsection (a)(2) shall be increased by an amount equal to--
''(1) such dollar amount, multiplied by
''(2) the cost-of-living adjustment determined under
section 1(f)(3) for the calendar year in which the taxable year
begins, determined by substituting 'calendar year 2017' for
'calendar year 1992' in subparagraph (B) thereof.
''(h) Rounding.--If any dollar amount in subsection (a)(2) (after
being increased under subsection (g)) is not a multiple of $100, such
dollar amount shall be rounded to the nearest multiple of $100.''.
(c) Decreasing the Dollar Threshold Required for Filing a 1099-K;
Eliminating the Transaction Threshold.--Subsection (e) of section 6050W
of such Code is amended by striking ''only if'' and all that follows
through the period at the end and inserting ''only if the amount which
would otherwise be reported under subsection (a)(2) with respect to
such transactions exceeds the dollar amount in effect for the taxable
year under section 6041(a).''.
(d) Effective Date.--The amendments made by this section shall
apply with respect to returns for years beginning after December 31,
2017.

SEC. 4. UNIFORM STANDARDS FOR THE USE OF ELECTRONIC SIGNATURES FOR
THIRD-PARTY DISCLOSURE AUTHORIZATIONS.

Not later than 6 months after the date of the enactment of this
section, the Secretary of the Treasury shall publish guidance to
establish uniform standards and procedures for the acceptance of
signatures in digital or other electronic form for purposes of--
(1) any request for disclosure of a taxpayer's return or
return information under section 6103(c) of the Internal
Revenue Code of 1986, and
(2) any power of attorney executed by a taxpayer.

SEC. 5. PRE-NOTIFICATION TESTING.

Not later than 180 days after the date of enactment of this Act,
the Secretary of the Treasury will ensure that, for any refund or
credit of overpayment of tax under the Internal Revenue Code of 1986
transferred to an individual through electronic fund transfer, there
is, prior to such transfer, a prenotification testing to verify
recipient information and assist in preventing refund fraud.

SEC. 6. TREATMENT OF CAFETERIA PLANS FOR EMPLOYEE-OWNERS.

(a) In General.--Subsection (g) of section 125 of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
paragraph:
''(5) Self-employed individuals.--
''(A) In general.--Notwithstanding section 105(g),
for purposes of providing qualified benefits under a
cafeteria plan of an eligible employer (as defined in
subsection (j)(5)) and for purposes of any prohibition
on discrimination (including subsection (b)) with
respect to a cafeteria plan--
''(i) the term 'employee' includes an
individual who is an employee within the
meaning of section 401(c)(1) and any individual
treated as a partner under section 1372(a),
''(ii) an individual who owns the entire
interest in an unincorporated trade or business
shall be treated as his own employer, and
''(iii) a partnership shall be treated as
the employer of each partner who is an employee
within the meaning of clause (i).
''(B) Limitation.--
''(i) Amounts excluded not to exceed earned
income.--In the case of an individual treated
as an employee by reason of subparagraph
(A)(i), subsection (a) shall apply to amounts
for an individual only to the extent that such
amounts exceeds the individual's earned income
(as defined in section 401(c)(2)) derived from
the trade or business with respect to which the
cafeteria plan is maintained.
''(ii) Partnerships.--This paragraph shall
apply in the case of any individual treated as
a partner under section 1372(a), except that,
for purposes of this subsection, such
individual's wages (as defined in section 3121)
from the S corporation shall be treated as such
individual's earned income, and there shall be
such adjustments in the application of this
subsection as the Secretary may by regulations
prescribe.
''(C) Denial of double benefit.--No deduction or
credit shall be allowed to an employee under any
section of this chapter for any amount excluded from
gross income under subsection (a) by reason of this
paragraph.''.
(b) Simple Cafeteria Plans.--Paragraph (3) of section 125(j) of the
Internal Revenue Code of 1986 is amended by adding at the end the
following new subparagraph:
''(E) Alternative for certain plans.--
''(i) In general.--In the case of a plan
that covers one or more individuals described
in clause (i) of subsection (g)(5)(A), the
requirements of this paragraph shall be treated
as met if the average employer contribution
allocable to qualified benefits under the plan
on behalf of individuals who are not qualified
employees does not exceed 150 percent of the
average employer contribution allocable to such
benefits on behalf of individuals who are
qualified employees.
''(ii) Additional contributions.--In the
case of a plan treated under clause (i) as
meeting the requirements of this paragraph,
subparagraph (C) shall not apply.''.
(c) Effective Date.--The amendment made by this section shall apply
with respect to taxable years beginning after December 31, 2017.

SEC. 7. EXCLUDING FROM SELF-EMPLOYMENT INCOME NET EARNINGS LESS THAN
AMOUNT REQUIRED FOR SOCIAL SECURITY QUARTERS OF COVERAGE.

(a) In General.--Paragraph (2) of section 1402(b) of the Internal
Revenue Code of 1986 is amended by striking ''$400'' and inserting
''the amount required under section 213(d) of the Social Security Act
for a quarter of coverage for the calendar year in which such taxable
year began''.
(b) Self-Employment Tax Returns.--Section 6017 of the Internal
Revenue Code of 1986 is amended by striking ''$400'' and inserting
''the amount required under section 1402(b)(2)''.
(c) Effective Date.--The amendments made by this section shall
apply with respect to taxable years beginning after the date of the
enactment of this Act.

SEC. 8. ALLOWING A DEDUCTION FOR CERTAIN HEALTH INSURANCE COSTS FOR
SELF-EMPLOYMENT TAX PURPOSES.

(a) In General.--Subsection (l) of section 162 of the Internal
Revenue Code of 1986 is amended by striking paragraph (4).
(b) Effective Date.--The amendment made by this section shall apply
with respect to taxable years beginning after December 31, 2017.

SEC. 9. NO EFFECT OF VOLUNTARY WITHHOLDING AGREEMENTS ON WORKER
CLASSIFICATION.

Section 3402(p) of the Internal Revenue Code of 1986 is amended by
adding at the end the following new paragraph:
''(4) Worker classification.--Agreements under paragraph
(3) may not be taken into account in determining whether any
party to such agreement is an employee or an employer for
purposes of any provision of this title.''.

SEC. 10. EFFECT OF VOLUNTARY TRAINING AND GROUP DISCOUNT PROGRAMS ON
WORKER CLASSIFICATION.

(a) In General.--Chapter 79 of the Internal Revenue Code of 1986 is
amended by adding at the end the following new section:

''SEC. 7706. EFFECT OF VOLUNTARY TRAINING AND GROUP DISCOUNT PROGRAMS
ON WORKER CLASSIFICATION.

''(a) In General.--For purposes of this title, the determination of
whether an individual is an employee shall be made without regard to
the following:
''(1) Whether such individual is offered, and whether such
individual accepts, voluntary training.
''(2) Whether such individual is offered, or takes
advantage of, a discount on goods and services available by
reason of such individual performing services.
''(b) Regulations.--The Secretary shall issue such regulations as
the Secretary determines are necessary to carry out the purposes of
this section.''.
(b) Clerical Amendment.--The table of sections for chapter 79 of
such Code is amended by inserting after the item relating to section
7705 the following:

''Sec. 7706. Effect of voluntary training and group discount programs
on worker classification.''.
Solution:
Small Business Owners' Tax Simplification Act of 2017 This bill amends the Internal Revenue Code, with respect to several requirements that affect small businesses and self-employed individuals, to: align the deadlines for quarterly estimated tax payments with the calendar year quarters; modify the dollar thresholds for various information reporting requirements; allow certain self-employed individuals to participate in cafeteria benefit plans; exclude from self-employment income net earnings that are less than the amount required under the Social Security Act for a quarter of coverage for the calendar year in which the tax year began; allow certain health insurance costs of self-employed individuals to be deducted for self-employment tax purposes; and specify that voluntary tax withholding agreements, training, or group discount programs have no effect on whether an individual is classified as an employee or an employer. The Department of the Treasury must: (1) establish uniform standards and procedures for the acceptance of digital or electronic signatures, and (2) use prenotification testing to verify recipient information before transferring a tax refund or credit through an electronic funds transfer.