Some so-called accidental Americans, who are citizens and residents of the Netherlands and who have been struggling to maintain their bank accounts there owing to their lack of a U.S. “tax information number,” have run into a new problem, a Dutch news organization has reported: The recent closure of the American consulate there, in response to the coronavirus crisis.
As American expats and Green Card holders around the world prepare to take advantage of their ability, under the recently-signed CARES Act, to access their share of the US$2trn federal coronavirus stimulus package, some Americans resident abroad have been expressing unease with the fact that expats have been included in the handout.
Aware that many American expats are likely to find the process by which they're expected to go about accessing the approximately US$1,200 they have been told they are probably entitled to receive as a result of the recently-announced Coronavirus Aid, Relief, and Economic Security Act (CARES Act), American expat groups have begun posting webinars aimed at helping them.
There has already been much speculation by media organizations, American expat groups and cross-border U.S. tax specialists about how the US$2trn federal stimulus package known as the CARES Act, signed into law last Friday by President Trump, will actually impact American citizens and Green Card-holders living outside of the United States.
Here, Karen Alpert, an Australia-based academic and tax expert who oversees a blog entitled FixtheTaxTreaty.org, considers some of the unforeseen consequences that seem likely to emerge from they well-intentioned plan to distribute a "Recovery Rebate" to such non-US-resident Americans...
The U.S. Ambassador to Mexico has urged U.S. citizens who are resident in the country to "think long and hard" about the possibility of returning to the U.S. in response to the growing coronavirus pandemic.
Ambassador Christopher Landau made his call in a YouTube video posted on the Embassy's website last Friday, and reinforced it on Tuesday afternoon Mexico time, in what was billed as a "virtual town hall for American Citizens in Mexico", to which residents and others were invited to submit questions in advance (See photo, above)...
Accidental Americans and other Americans resident overseas have been reacting to a top U.S. Treasury official's response to a European Union officials concerns over certain aspects of the American tax evasion-prevention law known as FATCA.
A number of the best-known and most-visible American expat organizations have been mobilizing over the weekend to ensure American expats around the world understand their options for receiving a "Recovery Rebate" from the U.S. government, worth as much as US$1,200 per person, as a result of a US$2trn stimulus package signed into law by President Trump on Friday.
There has already been much speculation by media organizations, American expat groups and cross-border U.S. tax specialists about how the US$2trn federal stimulus package known as the CARES Act, signed...
Apr-01-2020
