You’ve worked hard all year and now you finally have the chance to take that dream vacation overseas. But what if your tax debt stands in the way of realizing this dream? As of recently, the IRS has been certifying passports for those with unpaid taxes, meaning that those with more than $55,000 in tax debt are unable to leave the country until these debts are resolved. Though it may seem like a daunting task, there are ways to manage and pay off your tax debt while still maintaining the ability to travel internationally.
What is Passport Certification?
The US State Department is responsible for issuing passports and will certify them when they receive notice from the IRS that an individual owes more than $59,000 in taxes, including penalties and interest. This certification process will prevent the holder from renewing their passport or applying for a new one until they fully resolve their debt with the IRS.
Options to Resolve Your Tax Debt
The good news is that there are numerous payment plans and options available to help manage your debt with the IRS – all you have to do is reach out and ask. Contacting a tax professional can provide invaluable expertise in navigating your situation and exploring effective solutions that still enable you to travel without fear. The IRS offers several payment plan options including installment agreements and partial payment installment agreements which allow taxpayers to pay off their tax liabilities over time based on their financial situation. Additionally, taxpayers may be able to settle their tax debts through an Offer-in-Compromise program or penalty abatement program if they meet certain qualifications. These programs offer taxpayers relief from paying all or part of their outstanding tax liabilities.
Don’t let the specter of an unmet tax bill stand between you and the adventure of a lifetime! The key takeaway here is that despite owing money to the government, there are ways to still explore other countries without having your passport certified by the State Department. By taking advantage of payment plans or other programs offered by the IRS, you can potentially reduce or eliminate your liability while traveling freely throughout various countries around the world! So don’t let unpaid taxes keep you grounded – take action now so you can start planning your next big trip!
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