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• Should You Incorporate Your Business?
• How to Eliminate a Tax Surprise
• New law provides relief for eligible taxpayers who need funds from IRAs and other retirement plans
• How Stay-at-Home Orders Change Money Habits
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• PPP borrowers get concessions, additional guidance on forgiveness
• The IRS clarifies the deductibility of PPP-funded expenses
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• 2020 Social Security Benefits
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• New FASB Standards for Nonprofit Accounting
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• IRS Urges Travelers Requiring Passports to Pay Their Back Taxes
• Scam Alert: IRS Urges Taxpayers to Watch Out for Erroneous Refunds; Beware of Fake Calls to Return Money to a Collection Agency
• How to Get a Green Light for Commuting Expense Deductions
• Federal requirements for substantiating charitable contributions
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Plan For Taxes Too
• Don't Include The IRS On Your Gift List
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Focus On The Big Picture.
• Know When To Sell
• Put Your Tax and Financial House
in Order
• Are You Prepared For These Common
Business Problems?
• Scams Against the Elderly:
Know the Danger Signs
• Tax Benefits of Corporate Retirement
Plans
• Maneuvering the Corporate
Retirement Plan Maze
• Documenting your Business Travel and
Entertainment Expenses
• Maximizing your Travel and
Transportation Deductions
• Deducting Business Meals and
Entertainment Expenses
• Do Yourself a Favor by Filing
Your Taxes
• Do I Need A CPA?
• How to Save Money on Your Tax
Preparation Costs
• What To Do If You Can't Pay
Your Taxes
• What To Do If You Haven't Filed
Your Taxes

This month, the IRS will begin implementation of new procedures affecting individuals with seriously delinquent tax debts. These new procedures implement provisions of the Fixing Americas Surface Transportation (FAST) Act, signed into law in December 2015. The FAST Act requires the IRS to notify the State Department of taxpayers the IRS has certified as owing a seriously delinquent tax debt. See Notice 2018-1. The FAST Act also requires the State Department to deny their passport application or deny renewal of their passport. In some cases, the State Department may revoke their passport.
Taxpayers affected by this law are those with a seriously delinquent tax debt. A taxpayer with a seriously delinquent tax debt is generally someone who owes the IRS more than $51,000 in back taxes, penalties and interest for which the IRS has filed a Notice of Federal Tax Lien and the period to challenge it has expired or the IRS has issued a levy.
There are several ways taxpayers can avoid having the IRS notify the State Department of their seriously delinquent tax debt. If you need resolving delinquent tax issues, please call us today.