Tax Relief Research

IRS is revoking passports

The IRS is Revoking U.S. Passports!

Act Promptly or the IRS May Revoke Your Passport! Under the Fixing America’s Surface Transportation (FAST) Act, the IRS notifies the State Department of taxpayers certified as owing a seriously delinquent tax liability, which is currently $52,000 or more. The law then requires State to deny their passport application or renewal. If a taxpayer currently...

IRS PPP Program Changes

The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans

The Paycheck Protection Program rolled out with great fanfare to help save small businesses during the coronavirus pandemic. But something the IRS just did could decimate much of that benefit. Full credit to: BRUCE WILLEY, JD, CPA | American Tax & Business Planning May 8, 2020 The IRS just did something that stunned me. It pulled the rug...