Credit to: Tax News : Could American expats lose their passports on January 1, 2016?


Proposed measure would allow US to revoke passport if individual has over $50,000 unpaid taxes

The 8 million Americans living overseas should “ensure their financial affairs are in order and compliant” before the New Year, or face having their passports revoked, warns a financial advisory organisation.

The company – deVere Group, which has 80,000 mainly expatriate clients globally – said this after it was reported that the US Congress is preparing to bring in a law to take passports from Americans who owe tax. It is likely to pass into law in December and come into effect on January 1.
This is bad for people who has unpaid tax.