Convincing Congress and the Biden Administration of the need for the U.S. to move to a "residence-based" system of taxation is the No. 1 focus of American expatriate advocacy groups around the world right now.
The latest U.S. Government posting of the Internal Revenue Service's "Quarterly Publication of Individuals Who Have Chosen to Expatriate" brought total U.S. citizenship renunciations in 2020 a record high of 6,705.
More American expats are familiar these days than they used to be with Foreign Bank Account Reports (“FBARs”), aka FinCEN Form 114s – which need to be filed by American...
Apr-07-2022
