Charles P. Rettig, the chairman of the U.S. Internal Revenue Service since October, 2018, is due to participate in the latest hearing on U.S. tax issues by the House Ways and Means Oversight Committee, scheduled to take place today (March 17).
When Americans who've never been to Moscow try to imagine what it must be like to live there, they typically envision a cold, bleak and unfriendly place, full of restrictions and constraints, says James ("Jimmy") Miller, the American founder and principal of Baobab Wealth Management, who, at least until the end of last month, has been living there for the past four years, (while also maintaining a base in Alaska)...
Alexandru Bittner, who has been one of the most visible challengers of the United States' notoriously persecutory FBAR penalty regime in recent years, has now become the latest FBAR litigant to urge the U.S. Supreme Court to rule, once and for all, on the way non-willful FBAR penalties should be determined.
A long-awaited appellate court hearing in a years-long challenge of Canada's Foreign Account Tax Compliance Act-implementation legislation will take place on March 30, sources involved in the matter are reporting.
Tilney Smith & Williamson (TSW), the well-known London wealth manager that last October unveiled plans to introduce what it called "a new U.S./UK transatlantic tax team," has announced it will rebrand as Evelyn Partners in the summer, to reflect the consolidation under a single roof of a number of major brands.
As part of what it calls "a longer-term effort to improve" the services it provides to U.S. taxpayers, the IRS has unveiled "the first-ever Taxpayer Experience Office," and says it "will soon begin taking additional steps to expand" the offering.
Since the 2022 U.S. tax reporting season began in January, U.S. taxpayers at home and abroad have been repeatedly warned that this will not be an easy year for the IRS, which is starting off with a backlog of at least 10 million unprocessed tax returns from last year.
In fact, National Taxpayer Advocate Erin M. Collins's annual report to Congress, published in January, was a disheartening litany of problems that continue to plague the IRS...
More American expats are familiar these days than they used to be with Foreign Bank Account Reports (“FBARs”), aka FinCEN Form 114s – which need to be filed by American...
Apr-07-2022
