ACA to Treasury: 'de minimis rule' needed for GILTI and Transition Tax (and btw, RBT is needed too)

The American Citizens Abroad has written to seven top U.S. Treasury officials, including Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig, to urge it to "revisit" the way President Trump's 2017 Tax Cuts and Jobs Act is affecting the small- to medium-sized businesses owned by Americans overseas – in addition to urging them to take other actions, including "the true corrective measure" of switching the U.S. to a residence-based tax (RBT) regime.

  • Tax

Now American Citizens Abroad chases Washington officials over 'Get My Payment' tool failures

Less than a month after it lobbied Congress, the Treasury and the IRS to include Americans who are resident abroad in a plan to provide U.S. citizens with a "stimulus payment" to help them weather the coronavirus pandemic, the American Citizens Abroad is now just as forcefully urging Washington officials to fix the problems thousands of expats are having in accessing their money.

  • News
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Opinion

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

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...

Jun-17-2021