Small Business Taxpayer Bill of Rights Act of 2023

HR 2681, the Small Business Taxpayer Bill of Rights Act of 2023, makes several key changes to improve protections for small business taxpayers dealing with the IRS. It expands eligibility for small businesses to seek cost awards in tax cases by removing net worth limitations, increases civil damages for IRS misconduct, and creates a right to independent conferences with IRS Appeals. The bill also limits IRS enforcement actions against principal residences, adds alternative dispute resolution options, and requires review of IRS audit selection criteria to prevent discrimination. Additionally, it creates a new deduction for expenses related to certain audits and repeals the partial payment requirement for offers-in-compromise.