II
119th CONGRESS
2d Session
S. 4964
IN THE SENATE OF THE UNITED STATES
July 14, 2026
Mr. Marshall (for himself and Mr. Welch) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to clarify that the exception to the general statute of limitations for fraudulent returns applies only when a taxpayer seeks to evade their tax obligations.
Section 1. Short title
This Act may be cited as the Protecting Innocent Taxpayers from Endless Assessments Act
.
Sec. 2. Limitation period not extended for victims of preparer fraud
(a) In general
Section 6501(c)(1) of the Internal Revenue Code of 1986 is amended by inserting by the taxpayer
after intent
.
(b) Effective date
The amendment made by this section shall apply to assessments made or proceedings begun after the date of enactment of this Act.