AXFNJ Podcast: American expat adviser Jimmy Miller talks John Richardson through the basics of 'divorcing the IRS'

"It's not that people plan to fail, it's that they fail to plan," is one of the favorite sayings of James ("Jimmy") Miller, the American founder and principal of Baobab Wealth Management, who, as he explained to the AXFNJ's John Richardson last month, had been living in Moscow, Russia, for the past four years, until the Russia invaded Ukraine at the end of February. At which point he, his wife and their young son were forced to race to join the thousands of other non-Russians who were hopping any plane they could get to leave the country...

AXFNJ Podcast: John Richardson and Frost Law's Eli Noff consider the many little-known info reporting requirements expat taxpayers face

It's been eleven years (and a few months) since President Obama signed the Foreign Account Tax Compliance Act into law, which changed everything in terms of finances and taxes for American expats and U.S. Green Card holders around the world.

So at this point, most Americans who live abroad are at least aware, on some level, that they should be filing tax returns every year.

And yet, as Frost Law partner and chair of tax controversy Eli Noff tells AXFNJ podcast interviewer (and Toronto-based lawyer) John Richardson,

The AXFNJ podcast: 'The impact of the proposed Warren Wealth Tax (and how it would interact with FATCA) on Americans abroad'

On Wednesday (June 16), viewers of a "virtual" three-hour, full Senate Finance Committee hearing on the subject of President Biden's Fiscal Year 2022 budget were witness to a rare, 6 minute, 42-second exchange between Sen. Elizabeth Warren (D, Massachusetts) and Treasury Secretary Janet Yellen, about Elizabeth Warren's so-called "Ultra-Millionaire Tax."

AXFNJ Podcast: What Americans abroad ('mini-multinationals') are to make of last week's Senate Finance C'ttee hearing

"How U.S. international tax policy impacts American workers, jobs, and investment" may have been the official title of last week's Senate Finance Committee hearing, but according to John Richardson, Toronto-based lawyer and regular commentator on the ever-evolving American expat tax and citizenship regime, "that title had almost nothing to do with what actually transpired" during the two-and-a-half hour event.

Even though, he adds, it should have...

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Opinion

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...

Jul-30-2022