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.

Monte Silver, the American tax attorney resident in Israel who in January 2019 filed a still-ongoing lawsuit that challenges the so-called Transition Tax element of President Trump's 2017 tax reform legislation, has filed another lawsuit, also in U.S. District Court in the District of Columbia, over another aspect of the same Trump bill.

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.

Once again the latest quarterly renunciation data from the U.S. Treasury Department shows what appears to be a significant plunge in the number of individuals who officially renounced their U.S. citizenships in the most recent three-month period. However, Treasury spokesmen and even some citizenship renunciation experts are urging expats not to read too much into the numbers. 

The American Citizens Abroad yesterday reiterated its strong objections to a key measure contained in President Trump’s recent Tax Cuts and Jobs Act, at an IRS and Treasury Department hearing.