The Paris-based Accidental Americans Association today filed another lawsuit – its second in a little more than a year – in a Paris court, alleging that the way France's banks are complying with the U.S. tax law known as FATCA is causing them to be discriminated against by making it difficult if not impossible for them to maintain a French bank account.
While the IRS had sent Economic Impact Payments to more than half a million Americans resident outside of the U.S. by early May, and is thought to have delivered thousands more over the two months since then, significant problems remain for some expats, according to the American Citizens Abroad's executive director, Marylouise Serrato...
Andersen Global, the San Francisco-based organization of legally-separate tax and legal services firms that evolved out of a part of the now-defunct Arthur Andersen accountancy firm, has unveiled what it calls a "collaboration agreement" with a San Juan, Puerto Rico-based tax firm that it says represents its debut in the Caribbean marketplace.
The U.S. Tax Court in Washington last Thursday said it “lacked jurisdiction” and otherwise “could provide no… relief” to a New York resident who brought a legal challenge over the revocation of her American passport on grounds that she owed US$160,000 in “assessed penalties” to the IRS.
A years-long battle in the U.S. over the standards that financial advisers and “broker-dealers” should be held to, when recommending products for their clients, will formally end today, when what is known as the Security and Exchange Commission’s Regulation Best Interest comes into effect.
Wealth management experts for London-based Dunhill Financial and Rome’s Valiant Wealth say that Americans looking for “la dolce vita” in Italy might well find it there at the moment, if they're prepared to take an organized approach in choosing – ideally in advance – where exactly in Italy they will live, and how they structure their finances.
As the European Union prepares to begin allowing outsiders to enter its 27 member countries again on Wednesday, July 1, it has been drawing up a list of countries from which visitors won't be welcome, at least initially, owing to these countries' inability to control their coronavirus outbreak – and one of the countries reported to be on this list is the United States.
Many overseas Americans – even more, in percentage terms, than their homeland counterparts – don’t vote. A common attitude among such expats is expressed by one thirtysomething New Yorker, who was...
Jun-06-2020
