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Tax Debt

U.S. Passport

Can You Travel Overseas with a Tax Debt?

By Tax Debt

At $54,000 (as of 2021 and adjusted each year for inflation), your tax debt—which includes penalties and interest—becomes “seriously delinquent” under Internal Revenue Code 26 USC 7345: Revocation or denial of passport in case of certain tax delinquencies. At this point, the IRS has filed a lien or issued a…

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3 Steps to Resolving Tax Debt

By Tax Debt

Tax debt doesn’t go away on its own. There is a solution to every tax problem, but finding the right resolution for your situation requires a thorough understanding of your circumstances and a comprehensive look at potential solutions. These three steps are essential to resolving tax debt when you owe…

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