Tax Relief and Penalty Refunds for Americans Wrongfully Detained Abroad
This law grants tax relief to U.S. nationals and their spouses who are unlawfully detained or held hostage abroad. It applies the benefits of Internal Revenue Code section 7508 (postponement of deadlines for service in combat zones) to these individuals. Additionally, it establishes a program to reimburse penalties and interest incurred during a specific period due to their captivity.
Key points
Detained individuals and their spouses receive tax deadline postponements similar to those granted for service in combat zones.
The government will reimburse tax penalties, interest, and fines incurred for tax years ending between January 1, 2021, and the date the law is enacted.
The Treasury must notify eligible individuals about the reimbursement program within 90 days of the law's enactment or their release, depending on when they were freed.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.