Electronic Filing and Payment Fairness Act

Floor Speech

Mr. Speaker, I rise in support of H.R. 1152, the Electronic Filing and Payment Fairness Act.

Taxpayers should have one clear deadline to file documents and make required payments. Under current law, payments or certain documents that are mailed to the IRS are considered timely filed as long as they are postmarked by midnight on the due date. This is called the mailbox rule. However, if a taxpayer submits certain payments or documents to the IRS electronically on a given due date but they are not processed until the next day, they would be considered late.

This bill amends the Internal Revenue Code to allow the mailbox rule to extend to electronic tax payments and documents.

The IRS should not treat taxpayers who choose to file electronically differently than those who file by mail. This bill would ensure the same standard for all Americans regardless of how they file.

BREAK IN TRANSCRIPT

Mr. DAVIS of Illinois. Mr. Speaker, I have no further requests for time so I am prepared to close.

Mr. Speaker, H.R. 1152 is a narrowly targeted bill that can provide meaningful help and assurance to taxpayers.

Mr. Speaker, I urge my colleagues to support it, and I yield back the balance of my time.

BREAK IN TRANSCRIPT

Source