Showing posts with label IRS penalties. Show all posts
Showing posts with label IRS penalties. Show all posts

Saturday, March 17, 2012

Senate Expected to Pass Bill that would Revoke Passports of Seriously Delinquent US Taxpayers

Pay Your IRS
Taxes or Lose your US Passport
The Senate has unanimously approved a provision to a highway transportation bill that would revoke the passports of people with seriously delinquent tax debts. This addition to the bill would allow the State Department to deny, revoke or limit a passport for any individual whom the Internal Revenue Service has certified as having a “seriously delinquent tax debt” in excess of $50,000.  If passed these rules would apply to those living in Mexico who have not been filing their US Tax returns for filing their taxes.

A seriously delinquent tax debt would be one for which a notice of a federal tax lien or a notice of a levy has been filed. An exception is allowed when the debt is being paid in a timely manner under an agreement with the IRS, or if collection on the debt has been suspended because of a collection due process hearing or other relief has been requested or is pending.

The Senate will vote on the overall bill and pass it later this week.The House is will take up the bill in the coming weeks  NOTE: THIS BILL DID PASS AND IS NOW THE LAW!