By Central South Dakota News |
May 2, 2024
The Senate has unanimously passed the Stop Tax Penalties on American Hostages Act, a bipartisan bill led by U.S. Senators Mike Rounds (R-S.D.) and Chris Coons (D-Del.), aimed at preventing the IRS from imposing fines and penalties on American hostages and wrongful detainees for late tax payments while they are held abroad.Senator Rounds expressed his satisfaction with the Senate's decision, stating, "For obvious reasons, any American held hostage abroad should not have the heavy hand of the IRS hunting down and charging penalties on missed federal tax payments. While we...