CLARIFICATION OF STATUTE OF LIMITATIONS.

SEC. 1284. CLARIFICATION OF STATUTE OF LIMITATIONS. (a) In General.—Subsection (a) of section 6501 (relating to limitations on assessment and collection) is amended by adding at the end thereof the following new sentence: “For purposes of this chapter, the term ‘return’ means the return required to be filed by the taxpayer (and does not include a return of any person from whom the taxpayer has received an item of income, gain, loss, deduction, or credit).”. (b) Effective Date.—The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.