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    « New Tax Year Tips For Small Business's | Main | $1 Billion Awaits People Who Haven’t Filed 2008 Taxes »
    Monday
    Apr092012

    Owe Lots of Taxes? Prepare to Give Up Your Passport

    A new bill making its way through Congress could allow the federal government to prevent Americans who owe back taxes from leaving the country. The provision is part of Senate Bill 1813, which was introduced by Senator Barbara Boxer (D-CA) in November and passed by the Senate on March 14 “to reauthorize Federal-aid highway and highway safety construction programs, and for other purposes.”

    Those “other purposes” have come to include a little-known amendment recently introduced by Senate Majority Leader Harry Reid that would allow the State Department to revoke, deny or limit passports for anyone the IRS certifies as having “a seriously delinquent tax debt in an amount in excess of $50,000.”

    Reader Comments (1)

    its really helpful for my accounting services, thanks for sharing this articles

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    June 18, 2012 | Unregistered Commenterwilliam

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