The Washington Post on Nostr: U.S. hostages still owe taxes. Congress might not help. ========== Congress agrees on ...
U.S. hostages still owe taxes. Congress might not help.
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Congress agrees on the need to change tax laws for hostages; Senate passed a bill in May 2024 to prevent IRS penalties for freed hostages; House Ways and Means Committee advanced similar legislation on September 11, 2024; House bill includes controversial nonprofit provision, complicating passage; Senate's deeming resolution may be rendered moot if House alters the bill; Seven Americans believed held by Hamas since October 7, 2023; Jason Rezaian, former hostage, highlights IRS penalties faced upon return; ACLU warns against potential misuse of nonprofit provision.
#Taxes #Hostages #Congress #Irs #Nonprofits #Legislation #Hamas #Biden #Rezaian #Aclu
https://www.washingtonpost.com/business/2024/09/14/congress-irs-penalties-us-hostages/
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Congress agrees on the need to change tax laws for hostages; Senate passed a bill in May 2024 to prevent IRS penalties for freed hostages; House Ways and Means Committee advanced similar legislation on September 11, 2024; House bill includes controversial nonprofit provision, complicating passage; Senate's deeming resolution may be rendered moot if House alters the bill; Seven Americans believed held by Hamas since October 7, 2023; Jason Rezaian, former hostage, highlights IRS penalties faced upon return; ACLU warns against potential misuse of nonprofit provision.
#Taxes #Hostages #Congress #Irs #Nonprofits #Legislation #Hamas #Biden #Rezaian #Aclu
https://www.washingtonpost.com/business/2024/09/14/congress-irs-penalties-us-hostages/