If You Owe IRS Taxes You Can Lose Your Passport = Tax Help Available

April 27, 2016
Written by: Jim Magary

 

Fresh Start Tax

 

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.

 

Former IRS Agents and Managers who know the system!

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. getting a payment plan with the Internal Revenue Service can avoid this huge problem which may be crouching at the door.

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. At the end of the day is all about raising revenue for the US government.

Getting a simple payment agreement could allow your complete freedom of traveling back and forth without recourse.

Call us today for free initial tax consultation and we will go over with you to different remedies available.

 

If You Owe You Can Lose Your Passport = Tax Help Available

 

Filed Under: Tax Help
Tags:

FREE

Consultation

No Obligation
We are here to help!

  • Should be Empty:
“Thanks to Fresh Start, I am feeling more and more confident about finally getting caught up after all these years.”
M. Johnson

“I will certainly refer anyone I come across who needs your services for sure.”
Jody and Don

“I cannot thank you enough for handling my IRS issues. After dealing with another office who did nothing, you guys did everything that you promised. Thanks again, especially Steve Jacob for guiding me every step of the way.”
Jerry H.