Tax

Repubs Overseas targets Montana's Daines as possible expat tax fairness bill sponsor in Senate

The Republicans Overseas, which has been lobbying Congress hard in support of efforts by North Carolina Representative George Holding to introduce legislation aimed at making life easier for American expats, is hoping to convince a senator from the state of Montana to be the sponsor of Holding’s bill in the…

May 28, 2019
Tax
By Helen Burggraf

Now Dutch lawmaker meets with U.S. officials over FATCA impact on 'accidentals'

Dutch finance secretary Menno Snel has become the latest European official to raise with Washington the matter of the harsh effects U.S. tax legislation is having on European citizens – in Snel's case, Dutch citizens resident in the Netherlands – as part of efforts aimed at convincing U.S. lawmakers to…

May 23, 2019
Tax
By Helen Burggraf

Double-tax problems of Americans, Greek Americans revealed at inaugural Republican Overseas tax event in Athens

American income taxed by the U.S. is increasingly being hit by a second round of income tax, when the American individuals who paid the initial round of tax on it are bringing it with them into Greece, it was revealed on Wednesday evening, during an American expat tax event in…

May 10, 2019
Tax
By Helen Burggraf

U.S. Justice Department, Washington, D.C.

Zurich Life, Zurich Int'l Life to pay US$5.1m to U.S. gov't in 'undeclared accounts' agreement

Zurich Life Insurance Company Ltd., headquartered in Zurich, Switzerland, and Isle of Man-based Zurich International Life Ltd. have agreed a deal with the U.S. Justice Department that will see the entities pay a collective penalty of US$5.1m, in return for the Justice Department's agreeing not to prosecute them in connection with…

May 1, 2019
Tax
By Helen Burggraf

Revealed: IRS’s sense of humor

As the countdown continues to Tax Day in the U.S., on Monday, 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. Yup. For all its unflinching greediness, which seems to…

April 12, 2019
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…

April 8, 2019
Tax
By Helen Burggraf

IRS seen ramping up penalties on late-filed foreign trusts, CFCs, FBARs in 2019

The U.S. Internal Revenue Service, which has seen its operating budget slashed over the past eight or nine years, appears to be looking to increase its use of penalties against those non-U.S. resident taxpayers who fail to file documents or pay the taxes they owe on time, U.S. Tax and…

March 20, 2019
Tax
By Helen Burggraf

UK turns down U.S.-born Brit's FATCA FOI request, after Canada, Oz obliged their citizens

UK officials have twice turned down a Freedom of Information request filed by a U.S. born British citizen who was interested in knowing the “extent of…the annual disclosure of British taxpayer information to the US Internal Revenue Service, as per FATCA’s requirements" – even though similar requests to the Canadian and…

March 7, 2019
Tax
By Helen Burggraf

U.S. Treasury finally cuts expat small-biz owners some GILTI slack

Campaigners for fairer treatment for American citizens abroad are claiming a victory this morning, as news emerged that the U.S. Treasury had finally cut owners of small businesses located abroad some slack yesterday, by enabling such individuals to choose to be treated like a corporation for tax purposes, and thus…

March 5, 2019
Tax
By Helen Burggraf

Liz Zitzow: U.S. Treasury expected to unveil ‘good news’ for overseas small-biz taxpayers over GILTI, Section 965

Liz Zitzow, an American resident in London who runs a tax advice business for American expats, says the U.S. Treasury plans to announce “some good news on Monday” with respect to the recently-introduced global intangible low-taxed income (GILTI) tax, which has been causing major problems for many Americans who own…

March 1, 2019
Tax
By Helen Burggraf

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

Republican Representative George Holding will discuss his recently-proposed Tax Fairness for Americans Abroad legislation in April, in a public forum for American expats in London that the organizers say they are hoping will build the solid cross-party consensus that Holding’s bill will need to be approved by Congress.

February 28, 2019
Tax
By Helen Burggraf

More...

National Taxpayer Advocate's 2018 Annual Report to Congress seen to ignore expat taxpayers' issues

The National Taxpayer Advocate's latest Annual Report to Congress largely ignores the struggles American expatriates have been facing, an examination of the various documents that comprise it reveals.

February 24, 2019
Tax
By Helen Burggraf

Treasury official reported to hint at plans to address GILTI concerns

The U.S. Department of the Treasury is planning to address a much-criticised aspect of the Tax Cuts and Jobs Act that currently would see individual American taxpayers facing potentially higher taxes on their overseas income, a report published on Thursday said, citing a Treasury official.

February 22, 2019
Tax
By staff writer

American expatriate lawyer sues IRS, U.S. Treasury over 'Transition Tax'

An American citizen living in Israel has filed a lawsuit against the U.S. Internal Revenue Service and Treasury Department, challenging a key component of President Trump's December 2017 tax reform legislation, as it applies to controlled foreign corporations.

February 2, 2019
Tax
By Helen Burggraf

Long-awaited Canada FATCA trial kicks off on Monday, with 'live webcast'

A trial in which a group of Canadian/American citizens are seeking to challenge the constitutionality of the Canadian government's enforcement of America’s FATCA legislation is set to begin on Monday in a federal courthouse in Vancouver, British Columbia, and will be broadcast live via a "webcast", according to sources involved…

January 25, 2019
Tax
By Helen Burggraf

Tax

Repubs Overseas targets Montana's Daines as possible expat tax fairness bill sponsor in Senate

Now Dutch lawmaker meets with U.S. officials over FATCA impact on 'accidentals'

Double-tax problems of Americans, Greek Americans revealed at inaugural Republican Overseas tax event in Athens

Zurich Life, Zurich Int'l Life to pay US$5.1m to U.S. gov't in 'undeclared accounts' agreement

Revealed: IRS’s sense of humor

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

IRS seen ramping up penalties on late-filed foreign trusts, CFCs, FBARs in 2019

UK turns down U.S.-born Brit's FATCA FOI request, after Canada, Oz obliged their citizens

U.S. Treasury finally cuts expat small-biz owners some GILTI slack

Liz Zitzow: U.S. Treasury expected to unveil ‘good news’ for overseas small-biz taxpayers over GILTI, Section 965

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

More...

National Taxpayer Advocate's 2018 Annual Report to Congress seen to ignore expat taxpayers' issues

Treasury official reported to hint at plans to address GILTI concerns

American expatriate lawyer sues IRS, U.S. Treasury over 'Transition Tax'

Long-awaited Canada FATCA trial kicks off on Monday, with 'live webcast'

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Acronyms

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

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

U.S. Citizenship and Immigration Services to close all but seven of its overseas offices

Breaking: Congressman Holding scrapes through with ‘Tax Fairness for Americans Abroad Act’

Legislation to help American expats imminent, London audience told

‘Dem sponsor needed’ for expat tax fairness bill, Rep. Holding tells London gathering

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

U.S. government report acknowledges problems with FATCA reporting

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

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