119-hr1075

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1075 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 1075

To amend the Internal Revenue Code of 1986 to make improvements related 
 to tax administration.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 February 6, 2025

Mr. LaHood (for himself, Ms. DelBene, Mr. Feenstra, Mr. Schneider, Mr. 
Fitzpatrick, and Mr. Panetta) introduced the following bill; which was 
 referred to the Committee on Ways and Means

_______________________________________________________________________

 A BILL

To amend the Internal Revenue Code of 1986 to make improvements related 
 to tax administration.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Tax Administration Simplification 
Act''.

SEC. 2. APPLICATION OF MAILBOX RULE TO DOCUMENTS AND PAYMENTS 
 ELECTRONICALLY SUBMITTED TO THE INTERNAL REVENUE SERVICE.

    (a) In General.--

Section 7502
            (c) of the Internal Revenue Code of 
1986 is amended--

    (1) in the heading, by inserting ``and Payment'' after 
 ``Filing'',

    (2) in paragraph

    (2) --
        (A) in the heading, by striking ``; electronic 
 filing'', and
        (B) by striking ``and electronic filing'', and

    (3) by adding at the end the following:
 ``

    (3) Electronic filing and payment.--
 ``
        (A) In general.--If any return, claim, statement, 
 or other document required to be filed, or any payment 
 required to be made, within a prescribed period or on 
 or before a prescribed date under authority of any 
 provision of the internal revenue laws is sent 
 electronically by any person to the agency, officer, or 
 office with which such return, claim, statement, or 
 other document is required to be filed, or to which 
 such payment is required to be made, the date on which 
 such return, claim, statement, or other document, or 
 payment, is sent electronically by such person shall be 
 deemed to be the date of delivery or the date of 
 payment, as the case may be, regardless of the date on 
 which the applicable agency, officer, or office 
 receives or reviews such return, claim, statement, 
 document, or payment.
 ``
        (B) Regulations.--Not later than December 31, 
 2025, the Secretary shall issue such regulations or 
 other guidance as the Secretary determines necessary to 
 carry out the purposes of this paragraph.''.

    (b) Effective Date.--The amendments made by this section shall 
apply to any document or payment sent after December 31, 2025.

SEC. 3. EXTENSION OF TIME FOR MAKING S CORPORATION ELECTIONS.

    (a) In General.--

Section 1362

    (b) of the Internal Revenue Code of 
1986 is amended to read as follows:
 ``

    (b) When Made.--
 ``

    (1) In general.--An election under subsection

    (a) may be 
 made by a small business corporation for any taxable year not 
 later than the due date for filing the return of the S 
 corporation for such taxable year (including extensions).
 ``

    (2) Certain elections treated as made for next taxable 
 year.--If--
 ``
        (A) an election under subsection

    (a) is made for 
 any taxable year within the period described in 
 paragraph

    (1) , but
 ``
        (B) either--
 ``
            (i) on 1 or more days in such taxable 
 year and before the day on which the election 
 was made the corporation did not meet the 
 requirements of subsection

    (b) of 

section 1361, 
 or
 ``
            (ii) 1 or more of the persons who held 
 stock in the corporation during such taxable 
 year and before the election was made did not 
 consent to the election,
 then such election shall be treated as made for the 
 following taxable year.
 ``

    (3) Authority to treat late elections, etc., as timely.--
 If--
 ``
        (A) an election under subsection

    (a) is made for 
 any taxable year after the date prescribed by this 
 subsection for making such election for such taxable 
 year or no such election is made for any taxable year, 
 and
 ``
        (B) the Secretary determines that there was 
 reasonable cause for the failure to timely make such 
 election,
 the Secretary may treat such an election as timely made for 
 such taxable year.
 ``

    (4) Election on timely filed returns.--Except as 
 otherwise provided by the Secretary, an election under 
 subsection

    (a) for any taxable year may be made on a timely 
 filed return of the S corporation for such taxable year.
 ``

    (5) Secretarial authority.--The Secretary may prescribe 
 such regulations, rules, or other guidance as may be necessary 
 or appropriate for purposes of applying this subsection.''.

    (b) Coordination With Certain Other Provisions.--

    (1) Qualified subchapter s subsidiaries.--

Section 1361

    (b)

    (3)
        (B) of such Code is amended by adding at the end the 
 following flush sentence:
 ``Rules similar to the rules of 

section 1362

    (b) shall 
 apply with respect to any election under clause
            (ii) .''.

    (2) Qualified subchapter s trusts.--

Section 1361
            (d) (2) of 
 such Code is amended by striking subparagraph
            (D) .
            (c) Revocations.--

Section 1362
            (d) (1) of such Code is amended--

    (1) by striking ``subparagraph
            (D) '' in subparagraph
            (C) and inserting ``subparagraphs
            (D) and
        (E) '', and

    (2) by adding at the end the following new subparagraph:
 ``
        (E) Authority to treat late revocations as 
 timely.--If--
 ``
            (i) a revocation under subparagraph
        (A) is made for any taxable year after the date 
 prescribed by this paragraph for making such 
 revocation for such taxable year or no such 
 revocation is made for any taxable year, and
 ``
            (ii) the Secretary determines that there 
 was reasonable cause for the failure to timely 
 make such revocation,
 the Secretary may treat such a revocation as timely 
 made for such taxable year.''.
            (d) Effective Date.--

    (1) In general.--Except as otherwise provided in this 
 subsection, the amendments made by this section shall apply to 
 elections for taxable years beginning after December 31, 2025.

    (2) Revocations.--The amendments made by subsection
            (c) shall apply to revocations made after the date of the enactment 
 of this Act.

SEC. 4. QUARTERLY INSTALLMENTS FOR ESTIMATED INCOME TAX PAYMENTS BY 
 INDIVIDUAL.

    (a) In General.--The table contained in 

section 6654
            (c) (2) of the 
Internal Revenue Code of 1986 is amended--

    (1) by striking ``June 15'' and inserting ``July 15'', and

    (2) by striking ``September 15'' and inserting ``October 
 15''.

    (b) Effective Date.--The amendments made by this section shall 
apply to installments due in taxable years beginning after December 31, 
2025.
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