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No Exotic Trips for Those Who Owe The IRS
Posted on December 16th, 2015 in Uncategorized

 A few weeks ago President Obama signed the Fixing America’s Surface Transportation Act (the FAST Act) into law.  While the FAST Act is primarily a bill to fund domestic transpiration projects, a few other pieces of legislation were also slipped in.  One section titled, “Revocation or Denial of Passport in Case of Certain Tax Delinquencies” was one.  This section of the of the FAST Act allows the IRS to direct the State Department to revoke passports for those who owe more than $50,000 to the IRS.  The $50,000 includes the taxes that you owe plus any fees and penalties so getting to $50,000 is quite easy.  The IRS will not revoke passports for those who are in the process of disputing their tax balance or currently on a payment plan.  In short, if you are looking to traveling and have a past due tax balance with the IRS, you may want to get it resolved or enter into some payment plan months ahead of traveling so your trip will not be effected.

 

About the Author – Phillip Zagotti, CPA is the President of Zagotti and Burdette CPA, LLC. He can be reached at pzagotti@znbcpa.com or (832) 800-3347. 


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