Protecting Innocent Taxpayers from Endless Assessments Act

The Protecting Innocent Taxpayers from Endless Assessments Act limits the time the government has to collect unpaid taxes when a tax preparer commits fraud. Specifically, it prevents the statute of limitations from being extended if the taxpayer did not intentionally cause the error. This change directly benefits individuals who were victims of fraudulent tax filing practices by ensuring their tax liability cannot be pursued indefinitely. The law applies to any tax assessments or legal proceedings that begin after the bill is enacted.