National Taxpayer Advocate Collins, to Congress: 'Harmonize FBAR and FATCA reporting requirements'

National Taxpayer Advocate Collins, to Congress: 'Harmonize FBAR and FATCA reporting requirements'

Erin M. Collins, who was named last March to succeed Nina E. Olson as National Taxpayer Advocate (NTA)  at the U.S. Treasury, forcefully called this week for the harmonization of FBAR and FATCA reporting requirements for overseas taxpayers – which she noted the IRS had failed to do until now, in spite of previous NTA recommendations, as well as those of such other stakeholders as the Government Accountability Office – in her first annual report to Congress.

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Artnet.com: 'New U.S. beneficial ownership register law seen likely to affect fine art dealers, investors'

Artnet.com: 'New U.S. beneficial ownership register law seen likely to affect fine art dealers, investors'

The passage into law on Jan. 1 of the so-called National Defense Authorization Act, which contained the beneficial ownership register-creating Corporate Transparency Act, most likely won't just affect those investors who have below-the-radar stakes in corporate entities and properties held in limited liability companies, according to a recent article on the Artnet News website, an affiliate of ArtNet.com, an art market website.

First-ever '2021 Expats Virtual Financial Summit' set for Jan.26 - 29

First-ever '2021 Expats Virtual Financial Summit' set for Jan.26 - 29

Over four days later this month, beginning on Jan. 26th, eight experts from around the world will be sharing their expertise on a range of financial topics of interest to American expats, via the first of what it is thought could become a series of "virtual financial summits" aimed at Americans who live outside of the U.S.

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ACA, Americans Overseas tax webinar next week

ACA, Americans Overseas tax webinar next week

The American Citizens Abroad is to host a "free tax webinar" next Thursday (Jan. 21), in association with Amsterdam-based Americans Overseas, a  tax and citizenship advisory firm that is also active in advocating on behalf of accidental Americans resident in the Netherlands.

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Tax

Dems Abroad to host webinar on the second covid stimulus payments for expats

Dems Abroad to host webinar on the second covid stimulus payments for expats

Jan-05-2021

Legislation

Jan. 1 passage of Corporate Transparency Act to see creation of U.S. beneficial ownership registry

Jan. 1 passage of Corporate Transparency Act to see creation of U.S. beneficial ownership registry

Jan-06-2021

Opinion

AXFNJ webinar: How U.S. citizenship taxation has impacted one British lawyer, his family, and other countries' sovereignty

AXFNJ webinar: How U.S. citizenship taxation has impacted one British lawyer, his family, and other countries' sovereignty

John Richardson's latest podcast guest is, like Prince Harry, a British citizen who fell in love with, and married, an American.   Unlike the prince, however, "Peter", a retired solicitor, didn't return...

Jan-06-2021