IRS Urges Travelers with Seriously Delinquent Tax Debt
In January 2018 the IRS started to implement new procedures involving “seriously delinquent tax debt” and the taxpayer’s passport. The IRS must notify the State Department of taxpayers that have a balance due of more than $50,000* (including tax, penalties and interest) and for which
- the IRS has filed a Notice of Federal Tax Lien (that has not been Appealed) or
- a levy has been issued.
Check out the code section.
Does Your Business Take You Across the Border?
To avoid IRS passport issues, you have a few options.
- Pay the total balance due in full. You probably wouldn’t be reading here if this is your option.
- Secure a formal Installment Agreement. That’s what we do.
- “Pending” Installment Agreement status, is a temporary fix, but an important one. It can be part of the process to Installment Agreement acceptance.
- Get your Offer in Compromise submitted for consideration and accepted. Yep, we do this too.
- Get your account into Currently Not Collectible status. Yep, you guessed it. We’re also great at CNC.
- Bankruptcy – remember, some taxes aren’t dischargeable in bankruptcy, like 941 payroll tax and trust fund recovery penalty.
- Victims of tax-related identity theft
- If you’re located in a Federally declared disaster area
- If you’re serving in a combat zone
Big Summer Vacation Plans?
If your planning to cross the border for business or pleasure, M&M can help you fix your back-tax problem and avoid passport issues. But, you’ve got to contact us now. This stuff doesn’t happen overnight.
*$50,000 amount is adjusted yearly for inflation.