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Tag Archive for FAST Act

IRS Urges Travelers Requiring Passports To Pay Their Back Taxes Or Enter Into Payment Agreements; People Owing $51,000 Or More Covered

Thomas Kerester, Washington D.C., USA, Tax Ambassador, Tax Blog, TaxConnections

WASHINGTON ─ The Internal Revenue Service today strongly encouraged taxpayers who are seriously behind on their taxes to pay what they owe or enter into a payment agreement with the IRS to avoid putting their passports in jeopardy.

This month, the IRS will begin implementation of new procedures affecting individuals with “seriously delinquent tax debts.” These new procedures implement provisions of the Fixing America’s Surface Transportation (FAST) Act, signed into law in December 2015. Read more

New Passport Program: Why Notice to Taxpayers Matters

Previously, I analyzed the IRS collection performance, looking at the effects of different drivers of collection such as notices, installment agreements, liens, levies, and refund offsets. Today, I’d like to pick this topic back up, but focus on a collection issue associated with new legislation. In late 2015, Congress passed the Fixing America’s Surface Transportation Act (FAST Act), which aimed to boost tax collection through two avenues: Read more

Next Month Your U.S. Passport Could Be Revoked For Debts!

Ron Marini

H.R. 22, Fixing America’s Surface Transportation Act (FAST Act), includes amendments to the tax code that would allow authorities to revoke or deny the passport of any U.S. taxpayer who has unpaid taxes in excess of $50,000 or who have not obtained or won’t provide a Social Security numbers which was signed by President Obama on December 4, 2015. It now gives the U.S. government the right to revoke or deny the passports of U.S. persons who owe more than $50,000 in federal taxes (including penalties and interest) effective on January 1, 2016.

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