Opinion

ACA: Statement for the record, in connection with Ways & Means Oversight Subcommittee hearing on the 2022 tax filing season

U.S. Internal Revenue Service Commissioner Charles Rettig may have focused on Homeland tax issues during a House Ways and Means Oversight Subcommittee hearing on "the 2022 Filing Season" last month, as reported. But interested stakeholders were invited to submit written comments for inclusion in the hearing record, and among those to do so – and in so doing, introducing the tax-filing issues currently facing millions of U.S. taxpayers who live overseas – was the American Citizens Abroad, the Washington, D.C.-based advocacy organization.

The Joe Biden 2023 Green Book: Six ways these proposals would affect Americans abroad

From the moment President Biden's latest proposed package of taxes and changes to existing regulations aimed at America's wealthiest taxpayers in particular went live on Monday, U.S. wealth managers and tax advisers have been trawling through its pages, to get a sense of the scale and nature of the changes that may lie ahead...

March 29, 2022
Opinion
By John Richardson

A Reader Asks: ‘Who can we go to for help – and how can we go about changing these tyrannical laws?!’

The American Expat Financial News Journal, like many media organizations, often hears from readers who are at a loss as to whom else they can turn to, having exhausted what they believe to be all the avenues open to them to resolve their problems...

March 11, 2022
Opinion
By A Reader in Europe

Aussie accidental American describes 'OMG moment' when hit by the twin horrors of FATCA and 'taxation-based citizenship'

Having been born in Australia and lived her whole life there, "Amy," as she wishes to be known here, had no idea that her life was about to be turned upside-down, and changed forever, in March, 2020, when someone from her bank said that they needed to ask her to fill in some details having to do with her citizenship.

Then suddenly, Amy says, her "OMG Moment" – as it's often referred to by accidental Americans, a group which Amy was soon to discover she was a member of – arrived...

February 14, 2022
Opinion
By staff writer

U.S. tax expert Goulder: Theory of 'strategic forbearance' could help explain EU reluctance to challenge U.S. over FATCA

In July of 2018,members of the European Parliament resoundingly approved a resolution which supported the right of Europe's estimated 300,000 "accidental Americans" to be allowed to cast off their American citizenship (and thus their taxation by the U.S.) more easily and cheaply than is currently possible under U.S. law. (The vote was 470 to 43, with 26 abstentions.)

January 25, 2022
Opinion
By staff writer

AXFNJ Podcast: Retired Dutch pilot Ariës discusses his recent court victory with John Richardson

Over the last few years, thousands of so-called "accidental Americans" have grudgingly accepted the unexpected news that the U.S. considers them to be U.S. citizens, even though they had lived their entire lives, since birth, as citizens of other countries – and as a result of this news, are considered to have tax-reporting and potentially tax-paying obligations.

January 5, 2022
Opinion
By John Richardson