PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9511)
Congressional Research Service
Version 00 · Introduced in Senate · Jul 29, 2005
Amends the Internal Revenue Code to modify provisions which suspend interest and penalties for taxpayers not contacted by the Internal Revenue Service (IRS) about additional tax liability within 18 months of the filing of their tax returns to deny certain tax shelter participants suspension of any interest or penalties accruing on or before October 3, 2004, except those participants who accept certain IRS tax shelter settlement initiatives (current law applies only to interest accruing after October 3, 2004).
Provides that the 18-month period for IRS notification of additional tax liability for taxpayers who file amended tax returns or return information showing additional tax liability begins on the date such amended returns or information are filed.
People & committees
Sen. Baucus, Max [D-MT] · D–MT
Legislative record
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Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9511)
Sponsor introductory remarks on measure. (CR S9510)
Introduced in Senate
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
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Analyze S.1591 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine S.1591 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine S.1591 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine S.1591 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.