fbpx

< Back to Thought Leadership

Your Individual Tax Debt Can Affect Your Passport

What does your individual tax debt have to do with a passport?

Before late 2015, mostly nothing at all. Passports are issued by the State Dept., not the IRS. However, in 2015, Congress passed and President Obama signed a law that requires the IRS to notify the State Dept. of taxpayers having “seriously delinquent tax debt”. Generally defined as tax debt exceeding $50,000 and for which a lien has been filed (for tax years beginning after Jan. 1, 2016). Unless exceptions apply, such tax debt is grounds for denial of a passport or revocation or limitation of an existing passport. Now, over two years later, the IRS has finally issued guidance for the implementation of this provision, in Notice 2018-1. Although they have yet begun to “certifying” tax debt to the State Department, they have indicated this is set to begin in January 2018.

According to the IRS, not all tax debts are included in the reporting process. FBAR penalties, current installment agreements, current offers-in-compromise, and more will be excluded.

 

Questions about how this might affect you? Contact your local Blue & Co. advisor.

 

Blue & Co.,LLC - Read more in our Hot Topic Archive! Click Here. Like what you read? Subscribe to our newsletter. Click Here.

 

Blue & Co., LLC Announces New Partnership With Vsimple | Vsimple and Blue and Co logo

Blue & Co., LLC Announces New Partnership With Vsimple

CARMEL, Ind. (May 5, 2022) – Blue & Co., LLC is excited to announce our new partnership with Vsimple, a workflow management software company based in New Albany, IN.  Blue & Co and Vsimple will be working closely together to address the workflow and process improvement challenges of manufacturers throughout the Midwest. “At Blue & […]

Learn More
Proposed Rule FY 2023 for Skilled Nursing Facilities

Proposed Rule FY 2023 for Skilled Nursing Facilities

It is that time of year again! The Center for Medicare and Medicaid Services (CMS) has issued the proposed rule that would update Medicare payment policies and rates for the fiscal year (FY) 2023’s Skilled Nursing Facility (SNF) Prospective Payment System (PPS). The Patient Driven Payment Model (PDPM) was implemented on October 1, 2019. This […]

Learn More
Coverage Scheduling Solutions for Physician Practices and Hospital Systems

Scheduling Solutions for Clinician Work-Life Balance

One of the most challenging conversations in any multi-physician practice or specialty-based hospital employed group is about how to create a fair distribution of on-call and/or inpatient hospital service coverage while balancing the duties of an outpatient practice. The COVID-19 pandemic has contributed to clinician burnout, and physicians and Advanced Practice Providers (APPs) place significant […]

Learn More