Internal Revenue Service Oversight and Restructuring and the Tax Code Elimination Act of 1997

[AI summary unavailable — showing source text] Internal Revenue Service Oversight and Restructuring and the Tax Code Elimination Act of 1997 - Amends the Internal Revenue Code (IRC) to establish within the Department of the Treasury the Internal Revenue Service Oversight Board which shall be composed of nine members, appointed by the President, who are not Federal employees. Directs the Board, generally, to oversee the Internal Revenue Service (IRS) in its administration and conduct of the execution and application of the internal revenue laws and tax conventions. Sets forth specific responsibilities. (Sec. 3) Reestablishes the: (1) Commissioner of Internal Revenue who shall serve a five-year term; (2) Office of Employee Plans and Exempt Organizations; and (3) Office of the Taxpayer Advocate. Revises the duties of such offices. (Sec. 4) Repeals current provisions concerning reorganization plans. Revises current provisions concerning other personnel. (Sec. 5) Makes it unlawful for any applicable person to request any officer or employee of the IRS to conduct or terminate an audit or other investigation of any particular taxpayer with respect to the liability of such taxpayer. Defines an applicable person as any: (1) executive br…