Post Profile

Could Your Passport Be in Jeopardy if You Owe Back Taxes?

Recently, Congress enacted a new section of the tax code that gave the IRS some additional power that could play a significant role in foreign travel The post Could Your Passport Be in Jeopardy if You Owe Back Taxes? appeared first on IRS & State Tax News, Tips, Opinions and More.
read more


Related Posts

Tax Myths: Part II: The IRS Enacted the Internal Revenue Code

Business & Finance / Taxes : MauledAgain

It is not uncommon to discover someone’s assertion that the IRS has enacted a particular Internal Revenue Code section or even the entire Code. For example, in this presentation, readers are told that in 1996, “IRS enacts IRC Sectio...

Tax Double Whammy: IRS Can Revoke Passports And Uses Collection Agencies

Business & Finance : Forbes: Business

With private debt collectors rounding up tax debts and the IRS having power of your passport and travel, 2016 could be a perfect storm for tax delinquents.

Passport Cancelled If You Owe IRS -- Is Holding Travel Hostage Legal?

Business & Finance : Forbes: Business

Long debated, a law tying your right to travel to your taxes is poised to become law. Is it legal to hold your U.S. passport hostage to taxes?

IRS Finalizes Entity Rules For Specified Foreign Financial Asset Reporting

Business & Finance : Forbes: Business

Congress enacted § 6038D of the Tax Code as part of the Hiring Incentives to Restore Employment (HIRE) Act. In a nutshell, it requires certain individuals to report information about specified foreign financial assets. The IRS and D...

Proposed Tax Law on Travel Stirs Controversy

Business & Finance / Taxes : IRS Tax Problem Solver Blog

There is a new law being proposed that could see your travel liberties curbed if you owe the IRS taxes. This law is to be added to the Highway Code under a new section 7345, entitled “Revocation or Denial of Passport in Case of Cert...


Copyright © 2016 Regator, LLC