Tax

NRC.nl report: Retired, 'unintentionally American' former KLM pilot may lose bank account due to FATCA

Ronald Ariës is a 62-year-old Dutch citizen, who is retired from KLM, the Dutch airline. He is one of "dozens" of Dutch citizens who have been told that they "will soon lose their bank accounts" because they are "unintentionally American", but are resisting their banks' insistence that they formalize their…

October 22, 2020
Tax
By staff writer

Jan. 22, 2020 meeting of accidental Americans with Dutch lawmakers in Tweede Kamer, The Hague

Dutch finance minister’s answers to latest questions leave already-frustrated ‘accidentals’ reeling

A nine-page response by Dutch Finance Minister Wopke Hoekstra to the latest batch of questions put to him by a Dutch parliamentarian sympathetic to the banking problems so-called “accidental Americans” have been struggling with has left many of those accidentals stunned and frustrated, they say.

October 14, 2020
Tax
By Helen Burggraf

Concern over FBAR data confidentiality in wake of ‘FinCEN Files’ exposé

As American expats and their tax preparers come down to the final stretch of the Oct. 15 Foreign Bank Account Reports (FBAR) deadline, concerns are emerging over whether the data they’re about to send to the U.S. could, at some point, fall into the wrong hands.

September 29, 2020
Tax
By Helen Burggraf

IRS adds languages, digital-signing capability to key forms

As part of what it says is an "effort to reach under-served communities", the Internal Revenue Service is beginning to provide "information and assistance" to taxpayers in languages other than just English, as well as making certain key documents, such as the basic 1040 tax return form, available in Spanish.…

September 21, 2020
Tax
By staff writer

Andersen Global adds outposts in Jamaica, St. Kitts and Nevis

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 added two more jurisdiction to its growing Caribbean portfolio of outposts, with the signing of "collaboration agreements" with St. Kitts and Nevis-based HazelAlleyne, …

September 17, 2020
Tax
By staff writer

Funding concerns loom for 'Jenny' as clock ticks on her possible UK FATCA appeal

Just when it was beginning to seem that a challenge to the U.S. tax evasion law known as FATCA actually had a chance of getting somewhere, a lack of financing has emerged as an issue...

August 26, 2020
Tax
By Helen Burggraf

Online course in September for advisers seeking to know more about advising U.S. expats

DJH International Tax, a UK-based, American expat tax specialist firm, and Toronto-based U.S. citizenship and tax lawyer and commentator John Richardson, will be holding an online training course in September that will be aimed at financial advisers keen to learn more about advising American clients resident overseas on such issues…

August 11, 2020
Tax
By staff writer

Tax webinar: 'What the two recently-published final GILTI regs mean for expat biz owners, tax pros'

Monte Silver, the Israel-based American tax attorney best known recently for his efforts aimed at forcing U.S. officials to fix a number of apparently unintentional but significant consequences for small business owners that were contained in President Trump's 2017 tax reform legislation, will host a free, two-part webinar on the so-called…

July 23, 2020
Tax
By staff writer

A Reader Asks: ‘I’m dying to vote in the U.S. prez election! But will Uncle Sam come after me if I do?’

In the latest in our series of ‘A Reader Asks’ questions, a 30-something American expatriate who has been living in London for most of her life says she is really keen to vote in the forthcoming election – but she’s wary, as she’s heard that she might attract unwanted attention…

July 22, 2020
Tax
By Katelynn Minott

'Partial' GILTI tax victory seen in latest Treasury regs regarding 'high-tax exceptions' for foreign corporations

The U.S. Treasury Department on Monday issued what it said was a "final regulation" addressing how income earned by foreign corporations that has already been subject to a high rate of foreign tax may declared, in order to "allow taxpayers to exclude certain high-taxed income of a controlled foreign corporation…

July 21, 2020
Tax
By staff writer

China reported to begin citizenship-based tax collecting in Hong Kong, as experts ponder Beijing's plan

China has begun coming after some of its citizens living abroad to collect taxes – making good on its previously-disclosed plans to get some of its taxpayers who are resident outside of the country to contribute to their home country’s tax coffers, Bloomberg, the South China Morning Post and other…

July 15, 2020
Tax
By Helen Burggraf

More...

A few tax quotations the IRS missed...

Happy Tax Day! And what better way to celebrate than a few tax quotations. As we noted yesterday, the collection of 15 tax quotations on the IRS's website (yes really), wonderful though it is – does miss a few classics that rank highly in our own collection...

July 15, 2020
Tax
By Helen Burggraf

Little-known Irving Berlin song celebrates payment of one’s taxes

If the U.S. Internal Revenue Service has recently issued a call for a songwriter to come up with a melody celebrating the paying of one’s income taxes, we aren’t aware of it. Back in 1942, though, Irving Berlin apparently didn’t even need to be asked to write I Paid My…

July 14, 2020
Tax
By Helen Burggraf

Revealed: IRS’s sense of humor

With Tax Day for Americans around the world looming tomorrow (July 15), we thought it would be a good time to call attention to a rather quirky collection of tax quotations that we stumbled on, buried deep inside the IRS’s website...

July 14, 2020
Tax
By Helen Burggraf

IRS audit campaign of HNW individuals, related entities to launch on July 15

The Internal Revenue Service will start examinations of several hundred high-net-worth (HNW) taxpayers beginning July 15, according to media reports and press releases by tax preparation companies with high-net-worth and large and international businesses.

July 11, 2020
Tax
By staff writer

Tax

NRC.nl report: Retired, 'unintentionally American' former KLM pilot may lose bank account due to FATCA

Dutch finance minister’s answers to latest questions leave already-frustrated ‘accidentals’ reeling

Concern over FBAR data confidentiality in wake of ‘FinCEN Files’ exposé

IRS adds languages, digital-signing capability to key forms

Andersen Global adds outposts in Jamaica, St. Kitts and Nevis

Funding concerns loom for 'Jenny' as clock ticks on her possible UK FATCA appeal

Online course in September for advisers seeking to know more about advising U.S. expats

Tax webinar: 'What the two recently-published final GILTI regs mean for expat biz owners, tax pros'

A Reader Asks: ‘I’m dying to vote in the U.S. prez election! But will Uncle Sam come after me if I do?’

'Partial' GILTI tax victory seen in latest Treasury regs regarding 'high-tax exceptions' for foreign corporations

China reported to begin citizenship-based tax collecting in Hong Kong, as experts ponder Beijing's plan

More...

A few tax quotations the IRS missed...

Little-known Irving Berlin song celebrates payment of one’s taxes

Revealed: IRS’s sense of humor

IRS audit campaign of HNW individuals, related entities to launch on July 15

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American Expat Essentials

Acronyms

Congressman Holding to discuss ‘Tax Fairness for Americans Abroad’ bill in London in April

'Accidental Americans' group launches 'major' letter-writing campaign targeting Congressional Dems

Charles Schwab telling clients in UK, Europe their accounts must move or be transferred by year’s end

Call for expats to be included in U.S. coronavirus relief efforts, as citizenship-based tax regime faces test

UK MP vows to continue speaking out on behalf of ‘accidental Americans’ living in Britain

Seven things that surprise Americans about U.K. mortgages, house-buying

Republicans Overseas calls for executive order to help expats ahead of prez election

U.S. finally publishes final 2018 renunciation data

Accidental Americans latest: French banks warn of potential need to close 40,000 accounts

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