File this under things that make you say “hmm.” American Expat Financial News Journal recently reported that Citibank (now known as Citi) has ceased service for an undisclosed number of accounts for some of their account holders who live in certain countries overseas. If that sounds vague, it’s because it is. Find out what expats […]
Check out our summary on the first quarter citizenship renunciation numbers that were recently published in the Federal Register. These numbers are often reflective of several issues that concern expats: taxes, political environment, and more. But typically, one of the top factors is US expatriate’s tax. Let’s take a look at the recent development in […]
Earlier this year, Democrats Abroad (an organization dedicated to providing Americans living abroad a Democratic voice in the government and electing Democratic candidates by mobilizing the overseas vote) conducted an in-depth survey of almost ten thousand expats. The results of the survey echoed Greenback’s findings from last year: Expat taxes pose a constant burden and […]
Big news in the expat world this week: in France, a subset of expats known as “accidental Americans” is rising up and taking action – legal action – against foreign banks who uphold FATCA, citing discrimination. Find out what this could mean for expats across the globe who disagree with the requirement to file citizenship-based […]
The fourth quarter 2018 citizenship renunciation numbers have been published by the Office of the Federal Register, and we’re here with your quarterly update on what these numbers mean and how they differ from recent trends. Why Do Expats Care About Citizenship Renunciation? Every quarter, the Federal Register publishes an update of American citizens who […]
The old adage, “no news is good news,” does not apply today! Yesterday, the IRS released new proposed regulations to provide more guidance on Internal Revenue Code Section 250, which is an addition to the tax code that was originated by the tax reform (Tax Cuts and Jobs Act of 2017). The proposed changes would […]
Congressman George Holding, US Representative from North Carolina, has introduced a bill called the “Tax Fairness for Americans Abroad Act of 2018,” just before the Congressional holiday recess. The bill, also known as H.R. 7358, would exempt foreign income earned by US expats from taxation. This is huge news for all Americans living abroad; let’s […]
Foreign Bank Account Reporting (FBAR) requirements have long tripped up well-meaning expats who did not realize they had a responsibility to file – even if they were otherwise tax compliant. The associated, often-hefty FBAR fines comprise a nightmare scenario for most Americans living abroad. And unfortunately, federal courts continue to dole out the maximum penalty […]
Rumors have been swirling about the state of the IRS since the government shutdown, including how the tax season would hypothetically be affected by a potential impending e-filing shutdown. Don’t be fooled! We have the facts for expats straight from our experts, many of whom are expats themselves. The Myths Some news outlets are reporting […]
Ready or not, tax filing season has come! Expats, don’t wait until the last minute to find out what you need to do to file your taxes! Be prepared for the 2019 tax deadline and find out what changes lie in store for expat taxes. Tax Filing Season Begins Today! The IRS recently announced that […]
