Passport Will Start Being Seized By U.S For Unpaid Taxes!

Starting 2016 the U.S. reportedly will start revoking your passport for owing 50,000 or more to the IRS. They are in the final stage of this bill, this will only affect those who have not worked out any plans with the IRS to pay or attempt to pay their tax debt. If you are trying to complete a deal with them on how you are going to pay the back money you owe you will not be in any immediate trouble. 

This is taking place to find funding for other things because the taxes are not being raised. If they execute on collecting this money they are said to make $400 million over the next ten years. That can help to eliminate some of the bill cost that will be left from not raising taxes. It is also put in place so that the federal gas taxes will not be raised as well.

Due to taxes and fees which are generally added if you are late or you haven't made payments it is not hard for you to rack up a bill this high. People also do not act right away when they hear that they owe the IRS money so being delinquent can really cost you this time around. Even if you decide to finally pay your bill or work out a payment plan you will still receive a penalty for taking so long to pay. Which the IRS will put a lien or levy against you, now that will cause your passport to be revoked or with held from you for your travels.

Lets pay our taxes everyone.