IRS Passport Bill Signed into Law
A controversial bill has been signed into law, meaning that the IRS have the power to revoke the passports of anyone more than 50,000 in debt to them.
The new law means that the State Department can revoke, deny or limit passports for any person the IRS classes as having delinquent tax debt in excess of $50,000.
Details can be read here (scroll to page 1113).
This could cause significant problems to a great deal of American citizens, particularly ones living overseas who may find their travel plans blocked. It has been argued that American citizens living abroad may not be aware that they have been violating FATCA, and that they are in debt to the IRS. The IRS does not communicate via email, and mail is arguably more likely to get lost when travelling long distance and to exotic countries.
Read more here.
