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
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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...
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.
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?
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...