Category: Passport

IRS Passport Revocation

28 January, 2018 | Passport Tax Debt

IRS Passport Revocation   Recently, the Internal Revenue Service was given a new power - IRS Passport Cancellation Power under new legislation to deny, rescind, or limit a passport of anyone who owes the IRS more than $59,000 (adjusted for inflation). This threshold amount includes both taxes, interest... CONTINUE READING

Willful and Non-Willful Failure to File FBAR Penalties

FBAR Penalties: What to Expect If You Don't Report Foreign Bank Accounts Nothing’s quite as alarming as finding out you’re in violation of a law that you didn’t know existed. If you have foreign bank or financial accounts, you may be required to file an FBAR every year. Failing to do...