Bennet Statement on Senate Finance Committee Passage of the Taxpayer Assistance and Service Act

About About Michael Legislation News Press Releases Social Media Newsletter Archive Services Priorities Top Issues Child Tax Credit Investing in Colorado Contact Map Español Acerca de Michael Escribe a Michael Prioridades Servicios Visitando D.C. Bennet Statement on Senate Finance Committee Passage of the Taxpayer Assistance and Service Act Legislation includes four Bennet bills that would reduce burdens for low-income filers, set out important procedural requirements for multi-year bans, and adjust the penalty approval process Washington, D.C. — Colorado U.S. Senator Michael Bennet, a senior member of the Senate Finance Committee, celebrated the passage of the bipartisan Taxpayer Assistance and Service (TAS) Act. The […] Jul 30, 2026 | Press Releases Legislation includes four Bennet bills that would reduce burdens for low-income filers, set out important procedural requirements for multi-year bans, and adjust the penalty approval process Washington, D.C. — Colorado U.S. Senator Michael Bennet, a senior member of the Senate Finance Committee, celebrated the passage of the bipartisan Taxpayer Assistance and Service (TAS) Act. The bill contains more than 60 provisions to improve the taxpayer experience, strengthen taxpayer rights, modernize Internal Revenue Service (IRS) administration, set minimum standards for paid tax preparers, and improve judicial review. The package includes four key provisions based on Bennet’s legislation that would provide taxpayers with greater certainty, flexibility, and relief when dealing with the IRS and the tax filing process. “Colorado families and workers don’t need more bureaucracy when they go to pay their taxes,” said Bennet. “Today’s legislation is the most significant IRS reform proposal in decades, and will bring greater transparency and accountability to the tax filing process, while also removing barriers that disproportionately affect low-income families. I am glad to see the Senate Finance Committee advance this legislation and hope to see it pass the full Senate without delay.” During the markup, Bennet also offered an amendment that would require the IRS begin work to provide prepopulated tax returns for tens of millions of filers. Over 25 countries belonging to the Organisation for Economic Cooperation and Development (OECD) – nearly three-quarters of OECD members – prefilled tax returns for their citizens with some types of income. Prepopulating tax returns would enable the IRS to preemptively fill out returns for millions of people who otherwise would not file tax returns but either owe taxes or appear to be eligible for refunds and tax credits. One study from the National Bureau of Economic Research found that 42 to 48 percent of U.S. federal income tax returns could be accurately prepopulated at the time the research was conducted. More detail on Bennet’s four pieces of legislation can be found below: Installment Plan Fees : Waives installment plan fees for taxpayers below 250 percent of the poverty line. The text of the bill is available HERE . Automatic Offset Bypass Refund : Requires the IRS to automatically process an “offset bypass refund” – which prevents the IRS from deducting past tax liabilities against a current refund – for a taxpayer’s Earned Income Tax Credit if their account has already been designated as “currently not collectible” due to demonstrated economic hardship. The text of the bill is available HERE . Notice and Review Reform for Multi-Year Bans : Requires the IRS to explain a ban on claiming the Child Tax Credit, Earned Income Tax Credit, or American Opportunity Tax Credit in a notice of deficiency, and provides for Tax Court justiciability of bans. The text of the bill is available HERE . Supervisory Requirement for Penalties and Disallowance Periods : Clarifies that written approval is required by either a supervisor or the Office of Servicewide Penalties when the IRS issues a ban for certain credits. The text of the bill is available HERE . More detail on the TAS Act can be found HERE . ### Contact Info 261 Russell Senate Building Washington, DC 20510 Phone: 202-224-5852 Fax: 202-228-5097 View State Offices Resources Write to Michael Get Help with a Federal Agency Visiting DC Investing in Colorado Map ©2026 U.S. Senate. All Rights Reserved.  | Privacy Policy Follow Follow Follow Follow Follow