US HB6495

Amends Internal Revenue Code Section 7602(c) to require the IRS to identify each specific item of information it intends to seek from third parties when that information has not been previously requested from the taxpayer and could reasonably be provided by the taxpayer directly

Requires the IRS to provide taxpayers at least 45 days to respond to third-party contact notices, with additional time available upon request with reasonable cause shown

Creates exceptions allowing the IRS to bypass the new specificity requirements when seeking information related to tax liability collection or when the Secretary determines the information is necessary regardless of whether the taxpayer could provide it

Takes effect 12 months after enactment, applying to notices provided under Section 7602(c) after that date