# Paperwork Burden Reduction Act

This bill aims to make it easier for people and businesses to deal with tax paperwork by reducing the amount of documentation the IRS requires. Right now, when you file taxes or deal with the IRS, you often have to provide lots of forms, records, and supporting documents. This bill would let the IRS simplify those requirements and eliminate paperwork that isn't absolutely necessary for them to do their job properly.

The main idea is that the IRS would have the authority to decide which documents and records are truly essential and which ones just create extra work without adding real value. For example, if the IRS can verify information through other means—like checking with your employer or bank directly—they wouldn't necessarily need you to print out and submit those same documents yourself. This could mean fewer forms to fill out, less time spent gathering receipts and records, and generally less hassle when dealing with tax matters.

Who this affects depends on your situation. Individual taxpayers would likely see the biggest benefit if they currently have to submit lots of supporting documents with their tax returns. Small business owners and self-employed people who deal with the IRS regularly could also save significant time. However, the actual impact depends on exactly which requirements the IRS decides to eliminate, which the bill doesn't specify in detail. The goal is to make the tax system less burdensome while still making sure the IRS has the information it needs to do its job correctly.

Paperwork Burden Reduction Act

Thune, John

Paperwork Burden Reduction Act This bill modifies provisions under the Patient Protection and Affordable Care Act so that employers and health insurance providers are no longer required to send tax forms to covered individuals showing proof of minimum essential coverage (1095-B and 1095-C tax forms) unless a form is requested. Currently, employers and health insurance providers that provide minimum essential coverage must report this information for each covered individual to the Internal Revenue Service (IRS) and provide a copy of this information to the covered individual (through 1095-B and 1095-C tax forms) by January 31 of each year. The IRS allows for 1095-B tax forms, which are sent by certain health insurance providers and employers, to be made available to individuals only upon request. The bill provides statutory authority for this flexibility and extends this flexibility to 1095-C tax forms, which are sent by certain large employers. Such requests must be fulfilled by January 31 or 30 days after the date of the request, whichever is later. Employers and health insurance providers must give individuals timely notice of this option, in accordance with any requirements set by the IRS.