European Parliamentarian Sophie in 't Veld, a champion of Europe's accidental Americans for the last several years, has posted a written question to the European Commission, in an effort to nudge the organization into action on the matter of the difficulties Europe's "accidentals" are continuing to struggle with, particularly with respect to maintaining their bank accounts.
Sanctuary Wealth, an Indianapolis, Indiana-based wealth management company founded two years ago to look after Americans resident in the U.S., has said it is looking to expand its business with the addition of between two and five “established international advisory teams” over the next 12 months.
As part of what it says is an "effort to reach under-served communities", the Internal Revenue Service is beginning to provide "information and assistance" to taxpayers in languages other than just English, as well as making certain key documents, such as the basic 1040 tax return form, available in Spanish.
The U.S. tax collecting agency has also added six forms to the 10 it has already said it would temporarily allow taxpayers to sign digitally, in a measure it said was aimed at helping to protect the health of taxpayers and tax professionals during the Covid-19 pandemic.
On the last page of his best-selling, 2016 saga of his journey from Geneva-based UBS banker to U.S. government whistle-blower, federal prisoner, and finally, recipient of a record-breaking US$104 million whistle-blower award from Uncle Sam, Brad Birkenfeld hinted that he might not be heading for a low-key early retirement in some glossy, upscale gated community anytime soon. Even though he could well afford it.
Andersen Global, the San Francisco-based organization of legally-separate tax and legal services firms that evolved out of a part of the now-defunct Arthur Andersen accountancy firm, has added two more jurisdiction to its growing Caribbean portfolio of outposts, with the signing of "collaboration agreements" with St. Kitts and Nevis-based HazelAlleyne, a full-service law firm located in Basseterre, St. Kitts, and Kingston, Jamaica-based Senior Accounting Services Ltd.
Last week, American voters – and business executives, onshore and abroad – finally got a look at Democratic presidential candidate Joe Biden's thoughts about how he planned to change the way the U.S. taxes cross-border commerce, if he wins the election in November.
Here, Daniel Bunn, vice president of Global Projects at the Washington, DC-based Tax Foundation think tank, reveals certain contradictions and discrepancies he sees in the Biden draft tax plan...
The Taxpayer Advocate Service (TAS) this week unveiled a new online "tool" it says is designed to help businesses to obtain any Covid-19 tax relief they may be eligible to claim.
Nov. 3, the date of the 2020 U.S. presidential election, is two weeks and one day away. Many expats will have voted by now, but for those who haven't –...
Oct-19-2020
