La Torre Jeker: Impact of TCJA on expats’ overseas properties’ finances

Almost from the moment President Trump signed his Tax Cuts and Jobs Act into law on Dec. 22, 2017, the expatriate American-focused tax advisory industry has focused on its implications for those Americans with an ownership interest in an overseas company, and their consequent new tax obligations.

But that wasn’t the only aspect of the Tax Cuts and Jobs Act that has significant implications for Americans who live outside the U.S., Dubai-based tax expert Virginia La Torre Jeker, pictured above, says. Here, she addresses in detail how the TCJA impacts Americans overseas who own their own homes.

  • News

American Citizens Abroad posts audio recordings of recent Tax Fairness Act webcasts

North Carolina Congressman George Holding's interest in the cause of American expatriates and their tax problems had its origins in numerous visits to the United Kingdom to see members of his family, because his wife, Lucy, happens to be British, according to Matt Stross, the Rep. Holding's tax counsel. 


This was among a number of little-known facts that emerged during two webcasts held earlier this month in Geneva and Zurich, Switzerland, on the subject of Congressman Holding's bill, the so-called Tax Fairness for Americans Abroad Act (TFAA) by the American Citizens Abroad, in conjunction with the American Citizens Abroad Global Foundation.

  • News

London-based entertainment industry specialists Skeet Kaye Hopkins joins Focus Financial, via GR&F

Skeet Kaye Hopkins, a London-based provider of a range of services to high- and ultra-high-net-worth clients in the entertainment industry, has agreed a merger with a Los Angeles-based multi-family office and business management firm, Gelfand, Rennert & Feldman, and in so doing expands the international footprint of New York's Focus Financial Partners Inc., the fast-growing wealth management partnership.

  • News

U.S. finally publishes final 2018 renunciation data

The U.S. Treasury Department on Wednesday finally published the names of the 687 people who officially "chose to expatriate" during the fourth quarter of 2018, amid questions from some expat lobbying groups as to why the figure was lower than they had been expecting.

  • News
Subscribe to this RSS feed

Opinion

TAP's Laura Snyder, to all overseas U.S. taxpayers: 'Now's your chance to tell the IRS what needs fixing'

TAP's Laura Snyder, to all overseas U.S. taxpayers: 'Now's your chance to tell the IRS what needs fixing'

Laura Snyder, as we noted earlier this year, is the sole overseas member of a grass roots volunteer advisory organization known as the Taxpayer Advocacy Panel that works – alongside...

Dec-26-2019