This bill aims to protect taxpayers from indefinite tax assessments resulting from fraud committed by their tax preparers. It proposes an amendment to the Internal Revenue Code of 1986, specifically Section 6501(c)(1), which governs the statute of limitations for tax assessments. The proposed change clarifies that the exception allowing an unlimited assessment period for fraudulent returns applies only when the fraudulent intent is by the taxpayer themselves. This means that if a tax preparer commits fraud without the taxpayer's knowledge or involvement, the taxpayer would not be subject to an endless assessment period. The amendment seeks to prevent the Internal Revenue Service from pursuing additional taxes indefinitely against individuals who are victims of preparer fraud, applying to assessments made or proceedings begun after its enactment.