(Sec. 2005 of the Bill)

Present Law

Taxpayers who file their returns electronically cannot review their accounts electronically.

Reasons for Change

The Committee believes that it would be desirable for a taxpayer (or the taxpayer's designee) to be able to review that taxpayer's account electronically, but only if all necessary privacy safeguards are in place.

Explanation of Provision

The provision requires the Secretary to develop procedures not later than December 31, 2006, under which a taxpayer filing returns electronically (or the taxpayer's designee under section 6103(c)) could review the taxpayer's own account electronically, but only if all necessary privacy safeguards are in place by that date. The Secretary is required to issue an interim progress report to the tax-writing committees by December 31, 2003.

Effective Date

The provision is effective on the date of enactment.