Senate Bill Aims to Protect Hostages from IRS Penalties
Senate Bill Aims to Protect Hostages from IRS Penalties

Senate Bill Aims to Protect Hostages from IRS Penalties

News summary

American hostages returning from wrongful detainment abroad, including journalist Evan Gershkovich, face substantial IRS tax bills for unpaid taxes accrued during their captivity. Gershkovich, along with Paul Whelan and Vladimir Kara-Murza, encountered significant financial burdens upon their release, including credit hits from unpaid bills. Former hostage Jason Rezaian described receiving a $6,000 IRS bill for unpaid taxes after his release from Iran, which ballooned to $22,000 before some relief was granted. The IRS has stated it lacks the authority to fully waive these fees due to federal law, prompting concerns among lawmakers. In response, Senator Chris Coons has introduced the 'Stop Tax Penalties on American Hostages Act' to address these issues by postponing tax filing deadlines for hostages and allowing for the abatement of penalties. The bill has gained bipartisan support but awaits further action in the House.

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Last Updated
107 days ago
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