IRS Commissioner Rettig says he supports 'reciprocal FATCA'

A brief statement by IRS Commissioner Charles Rettig yesterday, in support of the idea of the U.S. "reciprocating" with respect to the information it currently receives from foreign governments about the overseas bank and financial accounts of U.S. taxpayers – as a result of a 2010 law known as the Foreign Account Tax Compliance Act (FATCA) – has sparked widespread discussion and debate, particularly outside of the U.S.

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State Dept seeks dismissal of 'accidentals' legal case relating to suspension of voluntary expatriation services

In the latest development in long-running efforts by the France-based Association of Accidental Americans to compel the U.S. government to make life easier for its members and other "accidental Americans," the U.S. State Department has requested that a federal court dismiss a suit that the AAA filed last year, along with 11 individual plaintiffs, arguing that the government's suspension of voluntary expatriation services in U.S. embassies and consulates around the world was a violation of the U.S. constitution.

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Americans and 'accidentals' in Europe react, after EU's Gentiloni quoted saying FATCA not a bloc issue

European Commissioner for the Economy Paolo Gentiloni has again drawn fierce criticism from Americans and accidental Americans in Europe, with his remarks on the the U.S. Foreign Account Tax Compliance Act (FATCA) – this time for saying that the European Commission is technically unable to directly address problems with "the monitoring and enforcement of EU data protection rules" that he acknowledges FATCA is causing. 

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Potential major precedent seen, as Dutch court rules in favor of 'unintentionally American' pilot Ariës

In a ruling that has left many "accidental Americans" (as well as ordinary American expats) cheering, a Dutch court ruled yesterday (Dec. 29) that a Dutch citizen born in the U.S., but with no other connection to that country, is entitled to keep his accounts with his local bank, even if he doesn't provide it with a U.S. Tax Identification Number (TIN), as long as his total holdings in these accounts don't exceed US$50,000. 

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Now France-based 'accidentals' sue State Dept. over still-shuttered renunciation services around the globe

...as a Gambian presidential candidate says her disqualification from running was due to difficulties in being able to renounce her U.S. citizenship 

The Paris-based Association of Accidental Americans on Monday filed a fresh complaint against the U.S. State Department, this time alleging that the continued suspension of voluntary expatriation services in U.S. embassies and consulates around the world was a violation of the U.S. constitution.

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Now Lehagre's AAA files 'request for enforcement' with Dutch data protection authority, over FATCA info transfers

The Paris-based Association of Accidental Americans (AAA) said it has today filed a "request for enforcement" with the Dutch Data Protection Authority (Autoriteit Persoonsgegevens), in which it said it is "demanding an immediate halt to the automatic transfer of European citizens’ personal data to the United States," as part of the Dutch government's compliance with the U.S. tax evasion-prevention law known as FATCA.

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Opinion

FBARs (FinCEN Form 114s), Form 8938s and Form 8966s: not just one but three ways Uncle Sam monitors Americans’ overseas holdings

FBARs (FinCEN Form 114s), Form 8938s and Form 8966s: not just one but three ways Uncle Sam monitors Americans’ overseas holdings

More American expats are familiar these days than they used to be with Foreign Bank Account Reports (“FBARs”), aka FinCEN Form 114s – which need to be filed by American...

Apr-07-2022