The most formidable collection agency in the world, the IRS, just got more leverage to collect delinquent tax debt. In an article titled: “Tax Double Whammy IRS Can Revoke Passports and Uses Collection Agencies,” Forbes contributor Robert Wood explains how the IRS was recently granted through legislation the ability to 1) use collection agencies to do its collecting and 2) to revoke passports to collect back taxes.
New legislation requires private companies to collect IRS tax debt in some cases.
The recently added section 7345 of the Internal Revenue Code is called the “Fast Act”. Wood outlines three conditions that would result