Lance Drury Law
Ste. Genevieve 573-883-3056
Columbia 573-886-8900
St. Louis 314-200-0003

Bill introduced regarding tax debt among those in the federal sector

When a person has a large federal tax debt, they may feel like their situation is hopeless. However, there are avenues and options out there for addressing such debts. Offers in compromise and installment agreements are a couple examples of options a person with a tax debt may be able to pursue. Skilled tax lawyers can help taxpayers understand what routes they could pursue given their particular tax debt situation. They can also provide taxpayers with support, guidance and advice throughout the process of working to resolve a tax debt.

Properly addressing a tax debt in a prompt manner can be very important. Having a large tax debt can have many impacts on a person, and the longer a person leaves the debt unaddressed, the more time the impacts they are facing can have to grow in number and severity.

Recently introduced federal legislation seeks to add a new ramification of having a major unaddressed tax debt for individuals involved in or seeking to be involved in the federal sector.

The bill is called the Tax Accountability Act. It would take eligibility for federal contracts, grants and civilian employment away from individuals who have a tax debt that is seriously delinquent. Among the bill's provisions is one that would make certifying tax status mandatory for individuals applying for such employment, grants or contracts.

The bill carves out some exemptions, including exemptions for individuals who are taking efforts to address their debt and outstanding liabilities. The fact that these kinds of exemptions are sometimes present in legislation like this underscores how important promptly taking steps to address oneā€™s tax debt can be for a person.

Legislation like this has gone before Congress in the past, but failed to have success. One wonders if this year will prove different for this kind of legislation. What overall impacts do you think the recently introduced bill would have if it does successfully traverse the legislative process.

Source: FedSmith, ā€œLegislation Introduced to Target Tax Delinquent Federal Employees,ā€ Ian Smith, Jan. 11, 2017

No Comments

Leave a comment
Comment Information

As Seen On

NBC ABC Fox News Channel USA Today BIO - The Biography Channel CBS
NBC ABC Fox News Channel USA Today BIO - The Biography Channel CBS

Schedule a No Obligation Tax Consultation

Contact us today and get relief from your tax burden. You can also receive a FREE chapter from the best-selling book, Protect and Defend, just by requesting it from the form below.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

The Law Firm of Lance R. Drury
150 Merchant Street
Ste. Genevieve, MO 63670

Phone: 314-200-0003
Fax: 573-883-3095
Ste. Genevieve Law Office Map

St. Louis Office
3636 South Geyer Road, Suite 100
St. Louis, MO 63127

Phone: 314-200-0003
Fax: 314-238-7201

Columbia Office
3610 Buttonwood Drive, Suite 200
Columbia, MO 65201

Phone: 573-886-8900
Fax: 573-886-8901

Facebook Twitter You Tube Linked In Rss Feed
Review Us

Back to Top

"The choice of a lawyer is an important decision and should not be based solely upon advertisements."

- Lance

Privacy Policy | Business Development Solutions by FindLaw, a Thomson Reuters business.