DEFINITION of 'Taxpayer Bill Of Rights (TABOR)'

A measure created by conservative and libertarian groups that seeks to limit the growth of government and to police the actions of the Internal Revenue Service (IRS). The Taxpayer Bill of Rights (TABOR) was born out of years of taxpayer complaints about harassment and abuse of power by the IRS. TABOR also mandates that increases in tax revenue must be reasonably tied to increases in such factors as inflation and population.

BREAKING DOWN 'Taxpayer Bill Of Rights (TABOR)'

The Taxpayer Bill of Rights is part of the Internal Revenue Code. TABOR ensures that the IRS does not abuse its power, particularly in the audit process. It places the burden of proof upon the IRS to make a case against a taxpayer when that taxpayer is able to furnish credible evidence, as requested.

RELATED TERMS
  1. Form 2848: Power of Attorney and ...

    A tax form distributed by the Internal Revenue Service (IRS) ...
  2. Appeals Conference

    A conference that a taxpayer can request with the Internal Revenue ...
  3. IRS Publication 556: Examination ...

    A document published by the Internal Revenue Service (IRS) that ...
  4. IRS Publication 538

    A document published by the Internal Revenue Service (IRS) that ...
  5. Main Home

    A term used by the Internal Revenue Service (IRS) to define the ...
  6. Blind Taxpayer

    A taxpayer who qualifies for the additional standard deduction ...
Related Articles
  1. Taxes

    Should You Represent Yourself vs. the IRS?

    If you face a personal or business tax audit, should you represent yourself vs. the IRS? In most cases, no. Here's why.
  2. Taxes

    Form 9465: Don't Pay Your Back Taxes Without It

    This form can lighten your tax load if you owe Uncle Sam. And you can often apply online.
  3. Retirement

    Is there a way to opt out of Social Security?

    Understand more about the purpose of the Social Security system and learn which groups of taxpayers are automatically exempt from the tax.
  4. Taxes

    Why People Don't Lie On Their Tax Returns

    Studies show people are overwhelmingly truthful when it comes to their tax filing, even when lying would benefit them.
  5. Insights

    How The IRS Works: Functions & Audits

    Even the most enlightened citizen curses taxes, possibly while simultaneously acknowledging that they're the price of a civilized society.
  6. Taxes

    How The Wealthy Slash Their Income Tax Bills

    Many of these tax-minimization strategies can be used by anyone. Find out how you can pay taxes like a millionaire.
  7. Taxes

    What's IRS Form 1040 For?

    Most U.S. taxpayers will be familiar with the 1040. By the end of filling it out, you'll know how much tax you owe, or what your refund is.
  8. Taxes

    5 Groups That Don't Pay Taxes

    Now that you've paid your share, find out who didn't have to pay taxes this year.
RELATED FAQS
  1. Can the IRS take your house?

    Understand why a person would have his home seized by the IRS and what he can do to avoid it. Learn about the seizure process ... Read Answer >>
  2. When might an abatement be granted by the IRS?

    Learn how the IRS may grant an abatement request when a reasonable cause is present or undue hardship is imposed on a taxpayer ... Read Answer >>
Hot Definitions
  1. Ethereum

    Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built ...
  2. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
  3. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
  4. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs are often issued by companies seeking the capital to expand ...
  5. Cost of Goods Sold - COGS

    Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company.
  6. Profit and Loss Statement (P&L)

    A financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually ...
Trading Center