U.S. Treasury remains silent as bank accounts of EU 'accidental Americans' still being frozen

The U.S. Treasury is continuing to maintain its silence with respect to the issues European banks have been struggling with for months over their perceived need to report to the U.S. – under the tax evasion law known as FATCA – government tax information details on certain of their American account-holders that they don't have, European banking sources, expat groups and others report...

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Uproar as some Dutch banks begin freezing accounts of Americans lacking TINs

"Dozens" of customers of Dutch banks have come forward to report that their bank accounts in the country have been frozen, and banking services otherwise being denied to them, because they are considered to be American and yet have failed to provide the banks with their U.S. "tax information numbers" (TINs), according to reports out of the Netherlands.

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Opinion: What frozen bank accounts of U.S. citizens in Europe could mean for U.S. citizens elsewhere

As this and other media organizations have been reporting in recent months, Europe's banks are becoming increasingly aware of an approaching Dec. 31 deadline, after which they will be obliged to comply with an element of the 2010 U.S. law known as the Foreign Account Tax Compliance Act (FATCA) that obliges them to give the U.S. the "Tax Information Number" of all of their American account-holders...

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Opinion

Bright!Tax's Allyson Lindsey: 'Yes, expats w/o a U.S. bank account can still get the payment'

Bright!Tax's Allyson Lindsey: 'Yes, expats w/o a U.S. bank account can still get the payment'

 As Bright!Tax partner and managing Certified Public Accountant Allyson Lindsey explained last month, Americans who are resident outside the U.S. are potentially eligible to receive a "recovery rebate" check or...

May-14-2020