HR 4172
111th Congress
House
Taxation
Department of the Treasury
Employment taxes
Federal officials
Foreign and international banking
Sales and excise taxes
Self-employed
Tax administration and collection, taxpayers
Taxation of foreign income
To provide the same penalty rate for taxpayers who voluntarily disclose unreported income from offshore accounts as was afforded Timothy Geithner with respect to his failure to pay self-employment taxes with respect to his compensation from the International Monetary Fund.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 2, 2009
Referred to the House Committee on Ways and Means.
Dec 2, 2009
Introduced in House
Plain-English summary
Requires the penalty for taxpayers who voluntarily disclose unreported income from offshore bank accounts to be equal to the penalty imposed upon Timothy Geithner, the Secretary of the Treasury, for his failure to pay self-employment taxes on his compensation from the International Monetary Fund.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1