Taxes, not Terrorism, can get your Passport Revoked

It is an interesting commentary on our priorities that the IRS now has the authority to revoke the passports of Americans who are in arrears by more than $50,000, but Americans travelling overseas to fight with ISIS can return safely home with passports in hand. As USA Today notes, the new provision was included in the FAST Act highway transportation bill signed by President Obama on Dec.4: A new enforcement provision passed by Congress and signed into law earlier this month allows the government to revoke the passports of seriously delinquent tax scofflaws -- people who owe more than $50,000 to Uncle Sam. “You could be on your honeymoon and they could revoke your passport," said Tom Wheelwright, a certified public accountant and chief executive officer at ProVision Wealth Strategists in Tempe, Ariz. Putting pressure on scofflaws to pay up is nice, but these days we are more concerned about terrorists than tax evaders -- using the passport revocation in...(Read Full Article)

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