Surprise stimulus payment advantage for expats spotted, via Foreign Earned Income Exclusion

A little more than a month after Americans around the world have begun receiving “Economic Impact Payments” from the U.S. Treasury – as part of the government’s emergency US$2trn CARES Act stimulus package, unveiled in March – tax experts have begun to point out that some wealthy expatriates could potentially benefit from an apparently unforeseen quirk in the way these payments are being provided, that their Homeland counterparts could not.

Andersen Global unveils collab deals with firms based in Madagascar, Mauritania and Ukraine

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 expanded its presence in East and West Africa and Eastern Europe thus far this month, with the signing of collaboration agreements with firms located in countries in these three regions.

Latest ACA TaxCast: Kostelanetz & Fink LLP’s Caroline Ciraolo

 In the latest of its new TaxCast series of podcasts, launched at the end of March, the American Citizens Abroad features an interview with Caroline Ciraolo, a partner of Kostelanetz & Fink LLP, a U.S. law firm, as well as a former acting assistant attorney general of the U.S. Department of Justice’s Tax Division.

Canada's Andrew Scheer not renouncing U.S. citizenship after all: reports

Last year, while campaigning as the Canadian Conservative Party's candidate to unseat Justin Trudeau as prime minister, Andrew Scheer was revealed to have dual U.S./Canadian citizenship that he'd acquired as a result of his father having been born in the United States, but he insisted that he was in the process of renouncing it.

Seven months on, having failed to win the election and having announced plans to step aside as his party's leader, the Canada-born Scheer disclosed over the weekend that he's changed his mind, and has decided to keep that U.S. citizenship.

Renounced U.S. citizens, foreign workers reported among those to receive CARES Act payments

As lawyers representing plaintiffs in a number of U.S. states prepare to bring legal challenges against the U.S. government and key government officials for denying certain American taxpayers the right to receive CARES Act "Economic Impact Payments" because they most recently have been filing their tax returns jointly with their non-American citizen spouses, reports have emerged of renounced Americans as well as foreign workers living overseas getting the payments.

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Opinion

Bright!Tax's Allyson Lindsey: 'Yes, expats w/o a U.S. bank account can still get the payment'

Bright!Tax's Allyson Lindsey: 'Yes, expats w/o a U.S. bank account can still get the payment'

 As Bright!Tax partner and managing Certified Public Accountant Allyson Lindsey explained last month, Americans who are resident outside the U.S. are potentially eligible to receive a "recovery rebate" check or...

May-14-2020