ACA and Americans Overseas hosting expat tax issues webinar next Thursday

The American Citizens Abroad, the non-profit, non-partisan organization based in Rockville, Maryland that exists to help Americans who live overseas, will be co-hosting a free webinar this Thursday with Amsterdam-based Americans Overseas, an advisory firm that helps "accidental Americans" and other American expats in the Netherlands, while also advocating on their behalf on legislative issues.

  • News

Yue: Meadows said to be 'very interested' in legislative action plan, but 'after the election'

White House chief of staff Mark Meadows did in fact receive a letter sent to him last month by the Republicans Overseas that urged him to call on President Trump to use his presidential authority to issue an "executive order" aimed at fixing certain tax issues expat Americans are currently struggling with, and is "very interested in doing something to end double taxation [for expats] legislatively after the election", according to RO chief executive and vice president Solomon Yue.

'Partial' GILTI tax victory seen in latest Treasury regs regarding 'high-tax exceptions' for foreign corporations

The U.S. Treasury Department on Monday issued what it said was a "final regulation" addressing how income earned by foreign corporations that has already been subject to a high rate of foreign tax may declared, in order to "allow taxpayers to exclude certain high-taxed income of a controlled foreign corporation from their Global Intangible Low Taxed Income (GILTI) computation on an elective basis".

  • Tax

Concern among American expat small-business owners over proposed GILTI law tweak by U.S. lawmakers

American expatriates who own small- and medium-sized small business corporations outside the U.S. are expressing growing concern over what they say is a move by two Washington lawmakers to legislatively reverse a 2019 interpretation by the U.S. Treasury of elements of President Trump’s Tax Cuts and Jobs Act, which had been meant to help such individual owner/operators of such small, non-U.S. businesses, who had originally been hard-hit by the Trump legislation.

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2020 Election: Where the candidates stand on the key expat financial, tax, citizenship issues

With the New Hampshire Democratic Primary set for next Tuesday, and, as reported, the Democrats Abroad's Global Presidential Primary scheduled for March 3 to 10, expats are increasingly desperate to know where the candidates stand on such key issues as FATCA, citizenship-based taxation and President Trump's Tax Cuts and Jobs Act.

None of the candidates thus far, however, has shown quite the same level of enthusiasm for going on the record in detail with respect to their positions on such topics...

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Opinion

The AXFNJ YouTube interview: The Federal Register's 'Name and Shame List' at a time of record renunciations

The AXFNJ YouTube interview: The Federal Register's 'Name and Shame List' at a time of record renunciations

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...

Feb-11-2021