Search FAIRtax.org

IRS Announces New Procedures For Small Taxpayers That Have Or Will Renounce US Citizenship

IRS Announces New Procedures For Small Taxpayers That Have Or Will Renounce US Citizenship
Photo Credit: Brown Monkey by Oleksandr Pidvalnyi is licensed under Oleksandr Pidvalnyi Pexels
In a News Release dated 9/6/19, the IRS announced it will give limited relief, in the form of forgiveness of US taxes and avoidance of penalties and interest, in highly circumscribed circumstances.

This is for individuals who have not filed US taxes, who owe a total of no more than $25,000 over the recent 6 years and who have net assets of less than $2 million.

Importantly, these taxpayers’ noncompliance must be non-willful.  They must not have known about their obligations and deliberately failed to pay taxes.

Also, quite importantly, they still must prepare and file 6 years of complete tax returns.

Help FAIRtax Get In The Presidential Debates in 2020

Enacting the FAIRtax must be a prominent topic on the Presidential Debate stage. We did it before, we can do it again, but we need your help!

Your gift of $25, $50, $100 – even $1,000 or more if you can possibly spare it – will help FAIRtax.org bring an end to the IRS and promote a FAIRtax. So, I urge you, please give as generously as you can.
To donate by check:
Americans for Fair Taxation
PO Box 4929
Clearwater, FL 33758

If you need to make changes to your existing Monthly Re-Occurring Donation with new card or billing address information, then Please call Adam Yomtov our New York State Co-Director. He is assisting with the administration of our donations, technology services, and website.

Please note: Inputting your new information at our website won't update your donation. The only way to update is by calling Adam Yomtov 917-689-3931 mobile.


Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

Connect

Share