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…
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…
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…
The Internal Revenue Service has quietly announced that it is introducing "temporary U.S. Taxpayer Identification Number (TIN) relief" for non-U.S. banks and other "foreign financial institutions" located in certain countries, so that they won't be deemed to be in "significant non-compliance" of their obligations under the U.S. tax evasion-prevention law…
Former U.S. president Donald Trump held overseas bank accounts while he was in office – in Ireland, the UK and China, between 2015 and 2017 – various media organizations have been reporting today, as details of Trump's personal and business finances continued to emerge, in the wake of Friday's release of his…
(...but it's said no more reciprocal than other Model 1 IGAs) Argentina has at last agreed a FATCA Intergovernmental Agreement (IGA) with the U.S. government, according to a statement on the website of the U.S. Embassy in Argentina, tax industry sources, and news reports in that country. Until now, Argentina had…
The U.S. District of Columbia Circuit Court judge in a long-running challenge by the Paris-based Association of Accidental Americans and 20 "accidental American" co-plaintiffs has agreed to hear "oral arguments" in the matter on Jan. 9, according to the advocacy organization and its lawyers.
As regular readers of the American Expat Financial News Journal may recall, a story about U.S. Social Security benefits that we ran in October highlighted the fact that many expats are surprised to discover, when they formally apply to begin receiving their Social Security payments, that they are line to…
As 2022 draws to a close, companies around the world that look after American expats' financial, tax and citizenship issues are, it seems, busy planning for the year ahead. And as they're doing so, many are looking to hire new staff, with the specialist qualifications such businesses require. Below are…
The Democrats Abroad's Taxation Task Force today is unveiling a damning report on what life is like, from a financial and tax perspective, for the millions of American citizens who live overseas.