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"President Trump's executive order on travel may be generating big protests, but an IRS missive on travel and passports may not go down too well either. More than a year ago, in H.R.22, Congress gave the IRS a new weapon to collect taxes. Tax code Section 7345 is labeled, “Revocation or Denial of Passport in Case of Certain Tax Delinquencies.” The law isn't limited to criminal tax cases, or even cases where the IRS thinks you are trying to flee. The idea of the law is to use travel as a way to enforce tax collections. It was proposed and rejected in 2012. But by late 2015, Congress passed it and President Obama signed it."
I'm all for this President Obama law. How the heck do you have money to travel outside of the country and not pay back taxes? I would lower the $50,000 amount threshold, though.
This is "the rich man's" version of food stamp chutzpah (buying expensive items using food stamps). It's going to out them to their bosses, too, if their passport is taken away and they can't travel for business until they pay their tax debt. The IRS gives you a break on this if you have an installment agreement set up with a revenue officer or an offer in compromise. There are other exceptions you might want to check out.
Before the State Department takes action they will hold up that action for 90 days. 90 Days? Lots of luck with that one. It takes them more than a year to fill FOIA requests.
I'm all for this President Obama law. How the heck do you have money to travel outside of the country and not pay back taxes? I would lower the $50,000 amount threshold, though.
This is "the rich man's" version of food stamp chutzpah (buying expensive items using food stamps). It's going to out them to their bosses, too, if their passport is taken away and they can't travel for business until they pay their tax debt. The IRS gives you a break on this if you have an installment agreement set up with a revenue officer or an offer in compromise. There are other exceptions you might want to check out.
Before the State Department takes action they will hold up that action for 90 days. 90 Days? Lots of luck with that one. It takes them more than a year to fill FOIA requests.
Yeah... Trump never would have signed that one.
I am sure there are exemptions for business travel, though. I haven't read it yet, but this has to be for recreational travel.
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I am sure there are exemptions for business travel, though. I haven't read it yet, but this has to be for recreational travel.
I'm for the law. I'm just hearing about it now because the IRS finally has the instructions in place.
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