Greenback Expat Tax Services
Tax Reform 2.0 passed the House in late September right before the midterm elections. Now that the midterms have passed, we’re looking to see where the bills tied to Tax Reform 2.0 stand. As you may recall, the Tax Cut and Jobs Act passed last December. However, most of the individual and some small business […]
Tax Reform 2.0 has officially been passed by the House. Now, what exactly does that mean? These three bills have gained momentum and will now advance to the Senate. Get in the know on how the proposed tax reform may impact US expats around the world with this comprehensive overview helping to answer your Tax […]
The string of bills that comprise Tax Reform 2.0 is now available to the public! The stated objectives of this reform are to: “lock in the individual and small business tax cuts made law in the Tax Cuts and Jobs Act, make it easier for families and businesses to save for retirement, and boost American innovation […]
In what some see as an effort to keep the House majority, and others see as a method to keep the American tax code competitive, Republicans announced the next phase of the tax reform proposal to the public. Yesterday, they noted that the SALT cap is included in the upcoming vote, which has been divisive […]
Last week, the IRS issued proposed regulations on Section 965, “Treatment of Deferred Foreign Income Upon Transition to Participation Exemption System of Taxation” to the Office of the Federal Registry. Since the passage of the tax reform, tax practitioners and taxpayer advocates have been requesting additional guidance on the Section 965 rules. Below, our expert […]
The Tax Cuts and Jobs Act, though it is the most sweeping tax reform in recent history, left many of the reporting requirements for expat taxes intact. Small, circumstantial changes were made, but overall expat taxation remains mostly the same as it was a year ago. However, the IRS recently shed some light on previously […]
Last week, the House passed a new tax bill, taking a step toward the complete transformation of the American tax code. The massive 429-page Tax Cuts and Jobs Act contains advisements for amending the current taxation procedures for both corporations and individuals. To save you from having to read the massive bill about tax reform […]
This week, Republican lawmakers in the US published a proposed framework for tax reform. We spoke with our co-founder David McKeegan to get all the details on how these tax changes could affect US expats. What are your impressions overall? How does the tax reform framework affect US expats? There are still a lot of […]
With the results of Brexit causing some to think about exiting the UK, there may be an advantage that American expats in the UK can take advantage of when it comes to taxes – due to the tax reform changes that have been introduced by the new presidential administration. Understanding the Net Investment Income Tax […]
