Dems Abroad, to House subcommittee hearing: 'substantial adjustments needed' to FBAR regs

In what might be seen as a timely move on the part of the Democrats Abroad, given the extent to which FBARs have been in the news this past week, the organization submitted a seven-page document to the House Financial Services Subcommittee on Oversight and Investigations ahead of hearings scheduled for this past Wednesday (March 8), in which it urged House lawmakers to make "needed" and "substantial adjustments to FinCEN Form 114, the Report of Foreign Bank and Financial Accounts or 'FBAR'." 

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Dems Abroad Taxation Task Force planning pro-RBT demo in DC on...Expat Tax Day!

If you were thinking of planning a protest by expatriate Americans against the U.S. system of citizenship-based taxation, it's difficult to think of a better day to do it than the date when expatriate American expats are obliged to file their U.S. tax returns by – which is to say, June 15 (two months after U.S. taxpayers' taxes are due). 

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Federal appeals court decision temporarily halting Biden student debt relief plan interrupts expat access enabling efforts

A federal appeals court has temporarily halted a recently-unveiled Biden administration program designed to forgive hundreds of billions of dollars' worth of federal student loan debt held by American citizens – even as government officials had evidently been struggling to enable those living overseas to apply, as a result of technical difficulties having to do with accessing and submitting the necessary forms.

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Dems Abroad calls on IRS, Treasury to make it easier for expats to access 'Recov Rebate'

For the second time in less than a month, the Democrats Abroad has written to top officials at the U.S. Treasury Department and IRS, this time urging them to make it possible for more American expats to more easily avail themselves of the so-called Recovery Rebate that is being made available to them, as it is to Homeland Americans, as a result of the CARES Act. 

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Opinion

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...

Mar-18-2023