The final regulations reflect amendments made by the Taxpayer Bill of Rights 2 (TBOR2) and the Internal Revenue Service Restructuring and Reform Act of 1998 (IRSRRA '98).
What does TBOR2 stand for?
TBOR2 stands for Taxpayer Bill of Rights 2
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Military and Government
- Texas Business Owner Program (business owner's insurance policy for Texas)
- Toluidine Blue O-Polyacrylamide
- Trustee Buy Out Plan
- Turbine Blade Optical Pyrometer
- Taxpayer Bill Of Rights
- Technology Bill of Rights (Access to Justice; Washington)
- Tennessee Board of Regents
- Teton Board of Realtors (Jackson, WY)
- Texarkana Board of Realtors (Texas and Arkansas)
- The Book of Random (website)
- Ta en Bild Och Sänd (system to send picture from small aircrafts)
- Tackle Box of Savings (magazine)
- Taking Back Our Streets
- Telemetry Byte Oriented Serial
- Test Bench Out of Service
- The Barber of Seville (opera by Rossini)
- Therapeutic Behavioral On-Site Services
- Time Between Overhauls
- Total Back Office Solutions (UK)
- Transportable Blackhawk Operations Simulator (US DoD)
Samples in periodicals archive:
The Internal Revenue Service released final rules implementing a number of miscellaneous provisions of the Taxpayer Bill of Rights 2 and an amendment in the Personal Responsibility and Work Opportunity Reconciliation Act of 1996 that affect filing of returns, court costs, payments, deposits and collections.
Taxpayer Bill of Rights 2 shifts the burden to the IRS.
The Taxpayer Bill of Rights 2 required the Department of the Treasury to submit a report to the congressional tax-writing committees on: (1) the legal and policy issues relating to the netting of interest of federal overpayments and underpayments; and (2) the administrative practices of the Internal Revenue Service in that regard.
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.
With the enactment of the Taxpayer Bill of Rights 2, tax-exempt organizations face significant new reporting requirements and penalty taxes.
Prior to the IRSRRA, one of the most publicized provisions relating to taxpayer rights was that of the Taxpayer Advocate (Advocate), created in 1996 by the Taxpayer Bill of Rights 2.