The U.S. Department of State is responsible for granting and renewing passports. In late 2015, President Obama signed into law a provision that will allow the State Department to decline issuance of a passport and revoke already issued passports when a federal tax debt is owed of $50,000 or more. New Internal Revenue Code section 7345 requires the IRS to…
Taking A Cooperative Approach To Your Legal Issues
Month: February 2016
IRS Collections – An Overview
The IRS has procedures in place that guide how the IRS goes about collecting a debt owed by a taxpayer. The IRS collects debt from taxpayers through both involuntary means, like levies on income and assets, and voluntary means like an installment agreement. As you can imagine, the sheer number of taxpayers and the amount of dollars that the IRS…