TBOR2

(redirected from Taxpayer Bill of Rights 2)
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TBOR2Taxpayer Bill of Rights 2
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References in periodicals archive ?
This problem was first remedied by administrative practice and then by Congress in the 1996 Taxpayer Bill of Rights 2. (196) In 1996, Congress also renamed the Ombudsman the Taxpayer Advocate.
Fortuitously, for the IRS and the healthcare industry, Congress, in Taxpayer Bill of Rights 2 (P.L.
Prior to the enactment of the Taxpayer Bill of Rights 2, the only available enforcement sanction to insure that the tax-exempt status of entities such as health-care facilities benefitted the community and not private individuals was the harsh penalty of revocation of the tax-exempt status of the entity.
Last year, Congress passed the Taxpayer Bill of Rights 2, which requires the IRS's Taxpayer Advocate, among other things, to report to Congress on the top problems facing taxpayers.
With the enactment of the Taxpayer Bill of Rights 2, tax-exempt organizations face significant new reporting requirements and penalty taxes.
REFLECTIONS: In 1996, Congress passed the Taxpayer Bill of Rights 2, which amended Sec.
As part of the Taxpayer Bill of Rights 2, Congress mandated that the Department of the Treasury and the Internal Revenue Service prepare and submit a report on the so-called interest netting problem, pursuant to which taxpayers who simultaneously owe and are owed money by the federal government are financially penalized.
The Taxpayer Bill of Rights 2 (HR 2337), heralded as a victory for taxpayers, was widely supported by both Democrats and Republicans in Congress.
Monks reviewed the changes effected by the Taxpayer Bill of Rights 2 (T2), including changes in the rules relating to Taxpayer Assistance Orders (TAOs) and the enhanced linkage between the Taxpayer Advocate and the Problem Resolution Officers (PROs) in the field.
The provisions of the new House bill, Taxpayer Bill of Rights 2, were included in substantially the same form in the balanced budget bill passed by the House last year, and are supported by the administration.
Under the Taxpayer Bill of Rights 2, interest on tax deficiencies or late payments can be abated due to unreasonable IRS errors or delays attributable to managerial or ministerial acts.
Such heavy-handed actions even if defensible under a literal reading of the Code, prompted Congress in the recently enacted Taxpayer Bill of Rights 2 (T2) legislation to mandate a joint IRS-Treasury Department study on interest netting.
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