Interactive Brokers: ‘We’re expanding our overseas operations rather than cutting back’

When news emerged earlier this month that Charles Schwab Corp., the major, NYSE-listed U.S. broker, bank and asset custodian, had been contacting clients in Europe to tell them that they needed to take certain actions with respect to their accounts before the end of the year, many American expat investors wondered whether other firms would soon be following Schwab’s lead...

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'Victims' Of IRS forms 3520 and 3520-A coming forward to protest large and 'unfair' penalties

Fury and frustration over the way the U.S. Internal Revenue Service has been hitting expat and Homeland individuals alike with eye-wateringly large penalty notices in connection with IRS forms 3520 and 3520-A has been building, with the result that an organized protest movement appears to be forming, a recent post on TaxConnections.com, a California-based news and analysis website for U.S. tax professionals, reveals.

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Contradictory economic indicators cited, in annual tax and finance seminar for London expats

"Avoid illiquid assets, rotate out of cyclicals, and, given that interest rates seem likely to remain low for the foreseeable future, seek out the right income producing assets where possible," were among the messages that around 50 delegates attending the American in Britain magazine’s annual autumn tax and finance seminar earlier this week received – alongside some light snacks and beverages.

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Opinion

A reader asks about ‘navigating the shoals between U.S. and French citizenship’; Greenback Tax’s David McKeegan replies

A reader asks about ‘navigating the shoals between U.S. and French citizenship’; Greenback Tax’s David McKeegan replies

A reader asks: ‘How do I navigate the shoals of being between U.S. and French citizenship, without having to put all my assets into cash and sticking them under my...

Oct-29-2019