Posts Tagged ‘irs’

You need to read this move by OUR government to control us from free travel!!

Friday, April 13th, 2012

You need to read this move by OUR government to control us from free travel!!

Senate Bill 1813…… Giving the IRS power to revoke passports and travel
Posted by Michael CHILDS

There has been some inquiry about Senate Bill 1813, specificly the section, Giving the IRS power to revoke your Passports. A amendment has been tacked onto a Federal highway construction bill. Senate Bill 1813, proposed by Democratic Senator Barbara Boxer, includes an amendment that would prevent any American citizen from leaving the country based upon a determination by the IRS that you owe the government back taxes.

The amendment, Section 40304, was written by Senate Majority Leader Harry Reid and would authorize the State Department to revoke, your passports for anyone the IRS certifies as having “a delinquent tax debt in an amount in excess of $50,000.”

Constitutional Attorney Angel Reyes says that’s a violation of due process and is unconstitutional.

“It takes away your right to enter or exit the country based upon a non-judicial IRS determination that you owe taxes,” Reyes told FOX Business. “It’s a scary thought that our congressional representatives want to give the IRS the power to detain US citizens over taxes, which could very well be in dispute.”

Financial Adviser Clark Hodges says the measure is especially concerning given the high number of taxpayers it could affect.

“There are so many people that fall into that situation, and I think that’s too invasive. Especially coming out of a bad economy there are a lot of people behind on a lot of things,” he told Fox Business.

Still, the “Moving Ahead for Progress in the 21st Century Act” or “MAP-21? passed the Senate in a vote of 74-22, and is now headed for the GOP-controlled house where it’s expected to meet stronger opposition. – Source: FOX Business

http://www.truthistreason.net/senate-bill-1813-owe-taxes-your-passp…

SEC. 40304. REVOCATION OR DENIAL OF PASSPORT IN CASE
14 OF CERTAIN UNPAID TAXES.
15 (a) IN GENERAL.—Subchapter D of chapter 75 of the
16 Internal Revenue Code of 1986 is amended by adding at
17 the end the following new section:
18 ‘‘SEC. 7345. REVOCATION OR DENIAL OF PASSPORT IN CASE
19 OF CERTAIN TAX DELINQUENCIES.
20 ‘‘(a) IN GENERAL.—If the Secretary receives certifi21
cation by the Commissioner of Internal Revenue that any
22 individual has a seriously delinquent tax debt in an
23 amount in excess of $50,000, the Secretary shall transmit
24 such certification to the Secretary of State for action with
25 respect to denial, revocation, or limitation of a passport
26 pursuant to section 4 of the Act entitled ‘An Act to regu-

late the issue and validity of passports, and for other pur2
poses’, approved July 3, 1926 (22 U.S.C. 211a et seq.),
3 commonly known as the ‘Passport Act of 1926’.
4 ‘‘(b) SERIOUSLY DELINQUENT TAX DEBT.—For pur5
poses of this section, the term ‘seriously delinquent tax
6 debt’ means an outstanding debt under this title for which
7 a notice of lien has been filed in public records pursuant
8 to section 6323 or a notice of levy has been filed pursuant
9 to section 6331, except that such term does not include—
10 ‘‘(1) a debt that is being paid in a timely man

ner pursuant to an agreement under section 6159 or
12 7122, and
13 ‘‘(2) a debt with respect to which collection is
14 suspended because a collection due process hearing
15 under section 6330, or relief under subsection (b),
16 (c), or (f) of section 6015, is requested or pending.
17 ‘‘(c) ADJUSTMENT FOR INFLATION.—In the case of
18 a calendar year beginning after 2012, the dollar amount
19 in subsection (a) shall be increased by an amount equal
20 to—
21 ‘‘(1) such dollar amount, multiplied by
22 ‘‘(2) the cost-of-living adjustment determined
23 under section 1(f)(3) for the calendar year, deter24
mined by substituting ‘calendar year 2011’ for ‘cal25
endar year 1992’ in subparagraph (B) thereof.
VerDate Mar 15 2010 23:06 Mar 19, 2012 Jkt 099200 PO 00000

Frm 01448 Fmt 6652 Sfmt 6201 E:\SENENR\S1813.ES S1813

sroberts on DSK5SPTVN1PROD with

If any amount as adjusted under the preceding sentence
2 is not a multiple of $1,000, such amount shall be rounded
3 to the next highest multiple of $1,000.’’.
4 (b) CLERICAL AMENDMENT.—The table of sections
5 for subchapter D of chapter 75 of the Internal Revenue
6 Code of 1986 is amended by adding at the end the fol7
lowing new item:
‘‘Sec. 7345. Revocation or denial of passport in case of certain tax delinquencies.’’.
8 (c) AUTHORITY FOR INFORMATION SHARING.—
9 (1) IN GENERAL.—Subsection (l) of section
10 6103 of the Internal Revenue Code of 1986 is
11 amended by adding at the end the following new
12 paragraph:
13 ‘‘(23) DISCLOSURE OF RETURN INFORMATION
14 TO DEPARTMENT OF STATE FOR PURPOSES OF PASS15
PORT REVOCATION UNDER SECTION 7345.—
16 ‘‘(A) IN GENERAL.—The Secretary shall,
17 upon receiving a certification described in sec18
tion 7345, disclose to the Secretary of State re19
turn information with respect to a taxpayer who
20 has a seriously delinquent tax debt described in
21 such section. Such return information shall be
22 limited to—
23 ‘‘(i) the taxpayer identity information
24 with respect to such taxpayer, and
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‘‘(ii) the amount of such seriously de2
linquent tax debt.
3 ‘‘(B) RESTRICTION ON DISCLOSURE.—Re4
turn information disclosed under subparagraph
5 (A) may be used by officers and employees of
6 the Department of State for the purposes of,
7 and to the extent necessary in, carrying out the
8 requirements of section 4 of the Act entitled
9 ‘An Act to regulate the issue and validity of
10 passports, and for other purposes’, approved
11 July 3, 1926 (22 U.S.C. 211a et seq.), com12
monly known as the ‘Passport Act of 1926’.’’.
13 (2) CONFORMING AMENDMENT.—Paragraph (4)
14 of section 6103(p) of such Code is amended by strik15
ing ‘‘or (22)’’ each place it appears in subparagraph
16 (F)(ii) and in the matter preceding subparagraph
17 (A) and inserting ‘‘(22), or (23)’’.
18 (d) REVOCATION AUTHORIZATION.—The Act entitled
19 ‘‘An Act to regulate the issue and validity of passports,
20 and for other purposes’’, approved July 3, 1926 (22
21 U.S.C. 211a et seq.), commonly known as the ‘‘Passport
22 Act of 1926’’, is amended by adding at the end the fol23
lowing:
24 ‘‘SEC. 4. AUTHORITY TO DENY OR REVOKE PASSPORT.
25 ‘‘(a) INELIGIBILITY.—

‘‘(1) ISSUANCE.—Except as provided under
2 subsection (b), upon receiving a certification de3
scribed in section 7345 of the Internal Revenue
4 Code of 1986 from the Secretary of the Treasury,
5 the Secretary of State may not issue a passport or
6 passport card to any individual who has a seriously
7 delinquent tax debt described in such section.
8 ‘‘(2) REVOCATION.—The Secretary of State
9 shall revoke a passport or passport card previously
10 issued to any individual described in subparagraph
11 (A).
12 ‘‘(b) EXCEPTIONS.—
13 ‘‘(1) EMERGENCY AND HUMANITARIAN SITUA14
TIONS.—Notwithstanding subsection (a), the Sec15
retary of State may issue a passport or passport
16 card, in emergency circumstances or for humani17
tarian reasons, to an individual described in sub18
section (a)(1).
19 ‘‘(2) LIMITATION FOR RETURN TO UNITED

‘‘(B) issue a limited passport or passport
2 card that only permits return travel to the
3 United States.’’.
4 (e) EFFECTIVE DATE.—The amendments made by

20 STATES.—Notwithstanding subsection (a)(2), the
21 Secretary of State, before revocation, may—
22 ‘‘(A) limit a previously issued passport or
23 passport card only for return travel to the
24 United States; or

This bill has passed the Senate and is now in the House. SEC. 40304. REVOCATION OR DENIAL OF PASSPORT IN CASE. 14 OF CERTAIN UNPAID TAXES. Needs to be removed.The government cannot be granted the power to stop

Call your local Reps and tell them that you disagree with this bill and urge them to remove it!

http://www.house.gov/representatives

Chart of the Week: Nearly Half of All Americans Don’t Pay Income Taxes!

Saturday, March 17th, 2012


This year’s Index of Dependence on Government presented startling findings about the sharp increase of Americans who rely on the federal government for housing, food, income, student aid or other assistance. (See last week’s chart.)

Another eye-popping number was the percentage of Americans who don’t pay income taxes, which now accounts for nearly half of the U.S. population. Meanwhile, most of that population receives generous federal benefits.

“One of the most worrying trends in the Index is the coinciding growth in the non-taxpaying public,” wrote Heritage authors Bill Beach and Patrick Tyrrell. “The percentage of people who do not pay federal income taxes, and who are not claimed as dependents by someone who does pay them, jumped from 14.8 percent in 1984 to 49.5 percent in 2009.”

That means 151.7 million Americans paid nothing in 2009. By comparison, 34.8 million tax filers paid no taxes in 1984.

Your Government is here to Help (own) you and your (their) money.

Tuesday, June 28th, 2011

Your Government is he to Help (own) you and your (their) money. If it is yours they think it is the Governments.

2011 tax reporting changes: What you must know now.

Starting in 2011, Schwab and all other brokers will be required to report gain/loss details to you and the IRS for investments you sell that are covered by new Emergency Economic Stabilization Act regulations. Because the changes could impact the cost basis used to compute your gains and losses, it’s important to understand when and how they will apply to you.

What exactly is cost basis?

Which of your investments will be affected—and when?

Reporting changes required by the legislation will roll out over three years. They only cover investments you sell that have been acquired on or after certain dates.

Covered investments by tax year

2011 2012 2013

Equities*Mutual FundsETFsDividend Reinvestment Plan (DRIP Dividend Reinvestment Plan (DRIP) Shares
Shares purchased using a plan offered by a corporation that allows you to reinvest your cash dividends by purchasing additional shares or fractional shares on the dividend payment date.) SharesFixed Income
and Options YES, if purchased on or after January 1, 2011.

http://www.bestdividendstocksfinder.com

Just more Obama help for low income people, but your going to pay dearly for that help.

Saturday, September 11th, 2010

Once again the Obama government is helping out low income people, By screwing then to the wall. Big government means BIG charges to pay for the free help. Here is a story we picked up from Liberty tax.

IRS Decision to Terminate the Debt Indicator
Liberty Tax Service CEO and Founder John Hewitt reacted strongly to the IRS announcement on August 5th that the debt indicator will be discontinued. This action signals a drastic change for Refund Anticipation Loan options. The decision means that the IRS will not disclose to financial institutions or tax preparers if a taxpayer owes the government any money that will be deducted from their expected refund. This step hinders a financial institution’s approval process for a customer who applies for a Refund Anticipation Loan. Without the debt indicator, banks that provide refund loans must use other methods to financially screen clients. As a result, many people who would otherwise receive the loan may be denied. Also, the fees charged to customers who do receive the loan could be considerably higher because of the additional underwriting risks.

“It’s a disappointing decision for consumers. The demand for Refund Anticipation Loans is customer-driven. We are emerging from the greatest financial downturn since the Great Depression. This really isn’t the time to take financial options away from those who choose them, and more importantly need them,” said Hewitt from his corporate headquarters in Virginia Beach, Virginia.

Liberty’s Executive Team will be meeting with originating banks immediately to discuss the ramifications of this decision. Liberty has been assured by Republic Bank that a RAL product will continue to be available to our Franchisees. Liberty continues to speak with other banking partners with a goal of having at least two provider banks for the upcoming tax season. Stay tuned to your “Team Liberty” newsletter for more updates on banking announcements and changes for the upcoming tax season!

Do we really believe this is even worth destroying health care.

Friday, March 19th, 2010

Result of passing government health care:

IRS may need to hire as many as 16,500 additional auditors, agents, and other employees to investigate and collect billions in new taxes from Americans.