News & Analysis as of

Fixing America’s Surface Transportation Act (FAST Act) Internal Revenue Code (IRC)

Freeman Law

Passport Revocation Challenges—Shitrit v. Commissioner

Freeman Law on

Section 7345. Perhaps it’s the challenge it poses to U.S. taxpayers and their rights and freedoms (i.e., international travel). Perhaps it’s the type of method employed by the U.S. government to promote federal tax...more

Burr & Forman

I’m Seeking to Renew or Obtain a U.S. Passport to Travel Abroad but I owe IRS Taxes – What do I do?

Burr & Forman on

The Fixing America’s Surface Transportation (FAST) Act, signed into law December 4, 2015, created new Internal Revenue Code § 7345 which requires the IRS to notify the United States State Department when an individual is...more

Rosenberg Martin Greenberg LLP

IRS Reminds Taxpayers of Its Ability to Revoke Passports and Deny Passport Applications: What You Need to Do If You Plan to Travel...

Last week, the Internal Revenue Service (“IRS”) published another friendly reminder that it was recently vested with the authority to revoke passports and deny passport applications for those with “seriously delinquent tax...more

Butler Snow LLP

No Tax, No Travel

Butler Snow LLP on

If you are not expecting a refund this year, you may be wondering what taxes have to do with your travel plans. A little over a year ago, Congress passed a law to authorize funding for highways known as “Fixing America’s...more

Burr & Forman

IRS To Begin Private Debt Collection Program in Spring 2017

Burr & Forman 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

WilmerHale

2016 IPO Report

WilmerHale on

Our 2016 IPO Report offers a detailed analysis of, and outlook for, the IPO market, plus useful IPO market metrics. We look at rates of adoption of JOBS Act relief by emerging growth companies, and recent FAST Act amendments...more

Williams Mullen

Form 8971: Consistent Basis Reporting Between Estate and Persons Acquiring Property From a Decedent

Williams Mullen on

Recent changes to the law have imposed upon executors of a decedent’s estate new reporting obligations with regard to a decedent’s property. In short, the changes require executors, and others if necessary, to file with the...more

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