IRS to non-U.S. banks: 'You don't need to close accounts of Americans whose TINs you don't have after all'

Under pressure from European banks in particular, the U.S. Internal Revenue Service has issued clarification with respect to a FATCA requirement that "foreign financial institutions" be obliged to provide the so-called Tax Information Numbers of their American clients from January, 2020 onward, which tax experts say means that banks now won't have to close the accounts of their TIN-lacking "accidental American" clients at the end of this year.

London & Capital founder Daniel Freedman dies

Daniel Freedman, one of the best-known figures in the UK’s American expat wealth advisory industry, died earlier this week in London, his London-based company, London & Capital, announced this morning.

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Opinion

Uncle Sam wants YOU… to vote!

Uncle Sam wants YOU… to vote!

Many overseas Americans – even more, in percentage terms, than their homeland counterparts – don’t vote.  A common attitude among such expats is expressed by one thirtysomething New Yorker, who was...

Jun-06-2020