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April 2016 » Travel Restrictions on Delinquent...
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James R. Grimaldi, JD, CPA, and Jessika Wong, JD
On December 4, 2015, President Obama signed the Fixing America's Surface Transportation Act (FAST). Section 32101 of FAST adds section 7345 to the Internal Revenue Code (IRC), requiring the Secretary of State to deny, revoke, or limit the passport of any individual with a “seriously delinquent tax debt.” The IRC defines this as an assessed, unpaid, legally enforceable federal tax liability that is greater than $50,000 and where the IRS has filed a notice of lien or a notice of levy. This includes interest and penalties, so individuals with lower tax deficiencies may also be affected. Pursuant to section 7345(f), the threshold will be adjusted annually for inflation.
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