Passports Best Posts in Thread: Americans may loose passport

When I arrived here, my monthly payment was 12% short for 3 months! It seems I had forgotten to clear up all my kids school loans before I left! Since I did not know I had any loans against me I inquired! They stated, all the way from virginia, that these loans are due before you retire! If you had cosigned your kids loan agreement that is!! Well I had to pay off that loan before I could receive my full allotment! They will only take a maximum withholding of 15% ! And that depends on how much is owed!! If you do not owe any taxes or school loans or alimony!! Then you should not have to worry!! At least till they think up some other screwball way to screw us!!

Edited by Administrator to remove all caps.

 

HUH? What does that mean in plain english? Is it saying that any/all my creditors will be notified by the IRS that a person is subject to a lien thereby cutting my balls off and probably force closing a business if a person has have one? "Subject to a lien" is not the same as having a lien against a person, only the IRS says you are "subject" to one. OR is it saying, if IRS says you MIGHT owe them money they can go to your bank and tell them thereby cutting off any line of credit you might have.

This law would supposedly bring in an additional $400 mil over ten year period. That is $40 mil per year. According to CBS news, at current spending rates of $6.85 mil per minute, would run US government 5.84 minutes......hardly worth getting out of bed let alone imposing another layer of bureaucracy.

Government Spending Per Minute: $6.85 Million - CBS News

When I read these laws I have to ask myself what are they really trying to accomplish here? I doubt it is recovery of money but rather something more sinister....and the plot thickens.

 

Americans Must Pay Income Tax or Face Loosing Their Passport
Posted on November 22, 2015 by Timothy Walker • 0 Comments

Americans Must Pay Income Tax or Face Loosing Their Passport – Philippines Lifestyle - Philippines Lifestyle

WASHINGTON D.C. – Congress will enact a new law denying or revoking passports of US citizens who have not paid their taxes.

The law is aimed at denying Americans who have serious tax debts and have at least $50,000 (USD) in unpaid federal taxes, including penalties and interest which would be adjusted for inflation.

The new law is expected to take effect in January of 2016 – the State Department said it will block Americans with “seriously delinquent” tax debt from receiving new passports and will be allowed to rescind existing passports of those who fall into that category.

A list of those taxpayers who will be immediately affected will be compiled by the Internal Revenue Service using the $50,000 threshold as a marker.

The rescinding or renewal of a passport would also apply if the taxpayer is subject to a lien which advises creditors of a debt owed to the IRS.

The same holds true for those who are under a levy by the IRS, where the government has the right to seize assets.

The same ‘does not apply’ if the taxpayer is in the process of trying or attempting to resolve his tax debt with the IRS – those paying installment payments, the taxpayer is contesting the debt, or the taxpayer is in court attempting to resolve the issue at hand.

The measure to bring American tax payers to their knees is expected to raise nearly $400-million dollars over the first 10 years of its implementation.

In 2014 alone, the IRS sent out almost 855,000 notices to US citizens abroad. How many were actually ‘undelivered’ is unknown.

Those behind the bill remind US citizens the importance of their passport when registering children in schools, registering in a hotel, opening a bank account among many other things. However, many of those living in the Philippines realize that the use for a passport is minimal, and many of the rules in foreign countries do not apply here.

No doubt, the new rule will have many Americans living in the Philippines, and numerous other Asian countries in a predicament.

Many Americans live in Asian countries in poverty conditions, living day today, or month to month on retirement, military and other type social benefits from the government.

If anything, many would be hard pressed to even worry at all about a law that controls their passport when in fact they are not or have not been on the ‘radar’ for years, even decades at best.