Report on combined tax and foreign bank and financial account reporting

(a) Study (1) In general The Secretary shall conduct a study on— (A) combining and simplifying reporting required under section 5314 of title 31, United States Code and sections 6038, 6038A, 6038B, 6038C, 6038D, 6039F, 6046A, and 6048 of the Internal Revenue Code of 1986; and (B) eliminating duplicative requests for information from nonresident United States taxpayers. (2) Consultation The study conducted under paragraph (1) shall include input from the National Taxpayer Advocate and nonresident United States taxpayers. (b) Report Not later than 180 days after the date of enactment of this Act, the Secretary shall submit to Congress a report on the study conducted under subsection (a), which shall include any actions taken by the Secretary as a result of such study and any recommendations for legislative changes necessary to effectuate the goal described in subsection (a)(1).