updated 2:28 PM CEST, May 24, 2023


Danny Werfel takes his seat as IRS commissioner, succeeding Chuck Rettig

Daniel "Danny" Werfel has at last taken his place as commissioner of the U.S. Internal Revenue Service, almost four months to the day after his predecessor, Charles "Chuck" Rettig, completed his four-year term.  Werfel's nomination was approved by the Senate earlier this month, by a bipartisan 54-42 margin, and becomes the…
  • News

FBAR experts: SCOTUS Bittner decision could see shift towards more ‘willful’ charges, greater 'rule of lenity' awareness

(...or possibly not...) Regular watchers of the way U.S. officials have been prosecuting American taxpayers whom they deemed to have committed "non-willful" breaches of the government's so-called FBAR regulations didn't have to be asked twice for their thoughts on Tuesday's landmark U.S. Supreme Court decision that – at long last – finally established…
  • News

FBAR Timeline: 'How we got here'

Back in the 1960s, before Richard Nixon became U.S. president (in 1969), few "ordinary" Americans who lived abroad gave much, if any, thought to filing U.S. tax returns, let alone Foreign Bank Account Reports. Nor did the U.S. government seem much interested in finding out whether such expats might have overseas…
  • News

Private equity company to take it private, Focus Financial announces

Focus Financial Partners, the NASDAQ-listed, New York-based partnership of independent, fiduciary wealth management firms that had been growing rapidly in recent years, especially in the wake of its 2018 initial public offering, today announced that it would accept a bid by a major U.S. private equity firm to take it private.
  • News

'Silicon Valley whizzkids seek piece of old London town': Times

European buyers are "disappearing" from the London property scene, while Russian oligarchs are no longer as welcome as they were before their country invaded Ukraine a year ago. But such buyers are increasingly being replaced by "U.S. technology billionaires" who are "bolstered by the strong dollar and eager to buy…
  • News

Assn of Americans Resident Overseas unveils ‘new student membership’

Emily Cooper, the aspiring marketing executive played by Lily Collins in the popular Emily in Paris Netflix series, would probably be too old to qualify for it, but other young Americans living in the French capital are being offered a new student membership rate of just €10 a year (US$10.55, £8.82)…
  • News
Subscribe to this RSS feed