Some 3,815 Americans officially expatriated last year, according to the just-published fourth quarter list of names on the U.S. government's Federal Register website, combined with the lists of renunciants' names featured on the three previous 2022 quarterly lists.
USTAXFS, a London-based U.S. tax accountancy founded more than 35 years ago, has named Glenn Snow to the newly-created role of Tax Director of its Private Client Group.
Experts say refusal to hear case raises questions as to
whether civil penalties might ever be deemed
to violate Eighth Amendment...
Charles Rettig, whose four years as commissioner of the IRS quietly came to an end on Nov. 12, will join former National Taxpayer Advocate Nina Olson next Wednesday (Feb. 1) in a Zoom webinar discussion about "The Future of IRS Funding."
The event, which is the latest in Tax Analysts' regular series of "Taxing Issues" webinars, will take place between 2pm and 3pm Eastern Standard Time (7pm and 8pm GMT), and will also feature also feature Michael Desmond, a former IRS chief counsel and now a partner at Gibson, Dunn & Crutcher.
The U.S. must make some significant changes to the way it applies regulations set out under its 2010 Foreign Account Tax Compliance Act to those dual U.S./EU citizens known as "accidental Americans," according to a report just released by seven EU Petitions Committee members who conducted a five-day "fact-finding mission" in Washington, DC last July.
Exactly how much the U.S. government is justified in expecting American citizens looking to expatriate to pay to do so was extensively discussed and debated during yesterday's hearing in Washington, D.C.'s E. Barrett Prettyman District Courthouse, by the legal teams representing both sides in a two-year-long legal challenge of the current U.S. citizenship renunciation regime.
In one of the most potentially significant moves thus far by the U.S. government aimed at helping so-called "accidental Americans" and other expats who have been struggling since 2010 with their tax reporting obligations, the U.S. State Department has announced its "intent" to reduce the fee it charges those seeking to renounce their citizenships to US$450, from its current US$2,350.
In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...
Mar-18-2023
