News & Analysis as of

Delinquency Status

IRS Delays Start Date For Program To Revoke Passports For Tax Delinquents

by Fox Rothschild LLP on

The Internal Revenue Service has once again delayed the start date for implementation of a new law authorizing the State Department to revoke the passports of taxpayers with sizeable tax debts. According to an IRS web site...more

Understanding Property Tax Delinquency in Indiana Law

by Faegre Baker Daniels on

What happens if an Indiana property owner fails to pay property tax? If this is a persistent failure, the property owner will be subject to sanctions under Indiana Code §§ 6-1.1-24 and 25 et seq. The ultimate sanction — the...more

Trends In IRS Compliance Activities Through Fiscal Year 2016

by Fox Rothschild LLP on

On September 11, 2017, the Treasury Inspector General for Tax Administration (TIGTA) issued its final report discussing IRS compliance activities through fiscal year 2016 (the federal government’s fiscal year begins on...more

Owe Back Taxes? The IRS May Grant You Uncollectible Status

Sometimes seniors find themselves owing past-due federal taxes they cannot afford to pay. Although notices from the IRS can be especially frightening, there are solutions. ...more

Is IRS really knocking at your door?

by Foodman CPAs & Advisors on

Generally, IRS sends a letter or a notice via regular mail notifying a Taxpayer of a potential visit. Nonetheless, IRS may also show up unannounced at the Taxpayer’s home or place of business....more

Insurance Proceeds Payable To Tenant Diverted To Pay For Property Owner's Back Taxes

The Third Circuit Court of Appeals sitting in Pennsylvania recently issued a precedential decision that interpreted the definition of a “named insured” under a tax delinquency statute to encompass tenants of a property even...more

IRS (Once Again) Begins Using Private Debt Collectors

by Baker Donelson on

The IRS has recently renewed the use of private companies to assist with the collection of some of its past due accounts. Although according to the National Treasury Employees Union, each of the prior attempts to use private...more

Business Law Update - May 2017

by Barley Snyder on

Through June 19, the Pennsylvania Tax Amnesty Program will waive all penalties and slash the interest rate on outstanding tax delinquencies that existed as of the end of 2015. Both the state and the Pennsylvania Department of...more

New Details Emerge About IRS Private Debt Collection Program, as Fraudsters Continue to Impersonate IRS Collectors

by Fox Rothschild LLP on

The Internal Revenue Service has released additional guidance about its new and controversial “Private Debt Collection” program — which requires the use of private debt collectors to collect certain delinquent tax debts —...more

Free Pass for Taxes Owed to Pennsylvania?

by Barley Snyder on

If you owe back taxes to Pennsylvania, you’re in luck. Starting April 21 and continuing to June 19, the Pennsylvania Tax Amnesty Program will waive all penalties and slash the interest rate on outstanding tax...more

IRS Begins Private Debt Collection of Back Taxes: What You Need to Know

The IRS announced on April 4, 2017 that it will soon authorize four private debt collection companies to send letters and make phone calls to selected delinquent taxpayers. The IRS will only forward a past-due account to...more

PA Tax Update: Amnesty Program and SUT Change

by Ballard Spahr LLP on

Pennsylvania has a tax amnesty program that will run from April 21, 2017, to June 19, 2017. Even with many limitations on participation, this program may provide value to eligible taxpayers who have unfiled Pennsylvania tax...more

Stuck at Home: IRS Can Revoke Passports Even for Work Travel

by LeClairRyan on

Employers who have employees who travel internationally for business should alert their employees about new IRS procedures concerning passports....more

Updates on Denial or Revocation of Passport in Case of Certain Tax Delinquencies

In 2015, a new law was passed to allow the IRS to use travel as a way to collect taxes by placing restrictions on a U.S. person’s passport if such U.S. person owes seriously delinquent tax debt. Generally, if a U.S. taxpayer...more

March 2017 Special Immigration Alert

by Epstein Becker & Green on

President Trump Issues Revised Executive Order on Travel - Today, President Trump issued a revised executive order on travel that becomes effective at 12:01 a.m. EDT on March 16, 2017 (“March 16 EO”). The March 16 EO...more

IRS Announces Plans to Move Forward with Passport Revocation Program

by Blank Rome LLP on

U.S. citizens who owe more than $50,000 in unpaid federal taxes are at substantial risk of having their U.S. passports revoked within the next few months. In December 2015, Congress enacted legislation requiring the IRS to...more

IRS To Begin Private Debt Collection Program in Spring 2017

by McNair Law Firm, P.A. on

On September 26, 2016, the IRS announced its plans for the private collection of certain federal tax debts beginning next spring. The announcement identified the following four (4) contractors that the IRS selected to carry...more

Could Rise in Auto Loan Delinquencies Signal Cooldown in Auto Industry?

by Foley & Lardner LLP on

The summer yielded mixed economic signals for the auto industry. On the plus side, U.S. unemployment rates and interest rates remain low. However, auto sales at several auto manufacturers, including Ford and GM, slipped in...more

Will Travel Insurance Cover This? Your Passport Can Be Denied or Revoked for Seriously Delinquent Taxes

If you wrote “travel more” on your 2016 New Year’s resolutions list, you may want to make sure you’re in good standing with the IRS before you make plans to wander too far from home. In early December 2015, legislation was...more

New Law Will Revoke Passports for Certain U.S. Citizens with Tax Debts

by Hodgson Russ LLP on

Legislation passed by the U.S. Congress December 3 and signed by President Obama on December 4 would allow the IRS to work with the State Department to revoke or deny the passport of a U.S. citizen with “seriously delinquent...more

Delinquent Taxes May Mean No Passport

by Davis Brown Law Firm on

Individuals who are “seriously delinquent” on their taxes may not be able to obtain or renew a passport under a new law signed December 4, 2015. The provision is part of the Fixing America’s Surface Transportation Act, aimed...more

CFPB Continues to Take Action Against Offenders in Debt Collection Services

by Stinson Leonard Street on

CFPB Takes Action Against Servicemember Auto Lender Security National Automotive Acceptance Company - On October 28, 2015, the Consumer Financial Protection Bureau (CFPB) filed an administrative order against Security...more

Blog: Revisions To Corp Fin Financial Reporting Manual — (Very) Limited Relief For Delinquent Filers

by Cooley LLP on

Corp Fin has today posted revisions to its Financial Reporting Manual. The only change this quarter relates to delinquent filers. The new guidance provides that, in general, Corp Fin will not, through the comment process,...more

Client Alert - Community Associations: Amendments to Chapters 718 & 720, Florida Statutes

On July 1, 2015, recent amendments to Chapters 718 and 720, Florida Statutes went into effect which will impact all condominium and homeowners’ associations in the state of Florida....more

Tax Amnesty Hits the Midwest (and Beyond)

by McDermott Will & Emery on

With many state legislatures wrapping up session within the past month or so, there has been a flurry of last-minute tax amnesty legislation passed. Nearly a half-dozen states have authorized upcoming tax amnesty periods....more

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