In a memorandum to Tax Advocate Service (TAS) employees, the TAS has stated that the IRS will temporarily decertify taxpayers with open TAS cases. Decertification means that taxpayers with seriously delinquent tax debts will, temporarily, not be at risk of having their passports revoked by the State Department merely because of those seriously delinquent tax…
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IRS Announces New Procedures to Enable Certain Expatriates to Get into Compliance
The Internal Revenue Service announced on September 6, 2019 a new procedures that will enable certain individuals who relinquished their U.S. citizenship to come into compliance with their U.S. tax and filing obligations and receive relief for back taxes. The Relief Procedures for Certain Former Citizens apply only to individuals who have not filed U.S.…
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Individuals With Significant Tax Debt Should Act Promptly to Avoid Revocation of Passports
The Internal Revenue Service in IR-2019-141 urged taxpayers to resolve their significant tax debts to avoid putting their passports in jeopardy. They should contact the IRS now to avoid delays in their travel plans later. Under the Fixing America’s Surface Transportation (FAST) Act, the IRS notifies the State Department (State) of taxpayers certified as owing a seriously delinquent…
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FBAR Consent to Extend Statute Held Valid!
In United States v. Schwarzbaum (S.D. Fla. No. 18-cv-81147) a federal district court rejected an individual's claims that FBAR penalties assessed against him should be set aside because they were assessed after the limitations period expired. Generally, U.S. persons who maintain a financial account in a foreign country (foreign financial account) must file a Report of Foreign Bank…
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