If you owe back taxes there’s a good chance that you can lose your passport. Call us today for a free initial tax consultation. There are options.
Former IRS Agents and Managers who know the system! Don’t lose Your Passport!
If you are in danger of losing your passport because of the new law passed contact us today and we can review with you different tax solutions and options to keep your passport.
Passed by Congress and signed into law allows the US Government to revoke the passports of seriously tax delinquents. The thresholds seem to be set at $50k plus
Under legislation signed recently by President Obama (H.R. 22 – Fixing America’s Surface Transportation Act), the State Department has been given new powers to revoke or deny passports for individuals who are “seriously delinquent” in their federal tax payments.
The new passport rule indicates the government wants to get serious about collecting unpaid tax debts.
The IRS reported 12.4 million delinquent accounts owing nearly $131 billion in assessed taxes, interest and penalties in 2014.
The passport-revoking provision allows the Department of the Treasury and the IRS to authorize the State Department to take away U.S. passports from individuals with seriously delinquent tax liabilities.
The State Department is now authorized:”to deny, revoke or limit use of a taxpayer’s U.S. passport, and it isn’t supposed to issue a passport to anyone owing that much money (with exceptions for emergencies or for humanitarian reasons)”
Americans however, out of the country when their passports are revoked may be allowed to return home.
FACT : The number of valid U.S. passports has surged in recent years, from roughly 30 million in 1995 to 126 million this year.
The bottom line, Congressional analysts expect the passport-revocation rule to raise about $400 million over the next 10 years.
Getting a simple payment agreement could allow your complete freedom of traveling back and forth without recourse.We can file any and all back tax returns that need to be filed and get you back in the system worry free.
Call us today for free initial tax consultation and we will go over with you to different remedies available.
Can I Lose My Passport If I Owe Taxes, Answer is…….
