Greenback Expat Tax Services
Not long ago, Congressman George Holding introduced a bill called the “Tax Fairness for Americans Abroad Act of 2018” (a simplified version of the TTFI, or the Territorial Taxation for Individuals bill), just before the Congressional holiday recess. The bill, also known as H.R. 7358, would exempt from taxation foreign income earned by US expats. […]
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 […]
Every year, Greenback surveys expats living around the globe about their opinions on everything from taxation to citizenship renunciation to political and ideological beliefs. These surveys help gauge trends in the expat community and raise the profile of pressing issues; but beyond that, expats who participate in the survey could win a grand prize. Read […]
With the April tax deadline just a few weeks away, you’re not going to want to miss our next free webinar: the Top Five Changes to the Tax Laws US Expats Need to Know. From the Tax Cuts and Jobs Act to the proposed Tax Reform 2.0, the tax filing process is a lot different […]
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 […]
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 […]
