Tax Return Scanning Bill to Get Panel Consideration: BGOV Tax

Panel to Consider Tax Return Scanning Bill

The House Ways and Means Committee Wednesday is set to consider a bipartisan bill aimed at speeding up the IRS’s ability to process paper tax returns.

The proposal, backed by Reps. Brad Schneider (D-Ill.) and Rudy Yakym (R-Ind.), would require electronically prepared paper tax returns to include a barcode that can be used to convert the filing to an electronic format.

The measure would also direct the IRS to use optical character recognition technology to transcribe paper returns that were not prepared electronically. The Treasury Secretary could make exceptions if the technology ...