Some 28 out of the 750 names on the U.S. government's latest quarterly list identifying Americans who have – as the Federal Register in which the names appear every three months puts it – “chosen to expatriate,” have appeared on previous lists, the American Expat Financial News Journal can exclusively report today.
American expats living in New Zealand are urging others there to sign a new petition that aims to convince members of the New Zealand Parliament to tweak the regulations governing the way the country's KiwiSaver pensions are run, in order to free U.S. expats there from what they say are the impossibly high annual costs required to comply with U.S. foreign grantor trust reporting obligations.
Tomorrow – Nov. 2nd – the U.S. Supreme Court will begin to hear arguments in a closely-watched case that's expected to result in clarification, at last, as to how the penalties in so-called "non-willful Foreign Bank Account Report (FBAR)" cases should be determined.
In November of 1993, Peggy Creveling arrived in Bangkok, Thailand, to meet up with her husband, Chad, whom she'd met at the well-known U.S. military academy of West Point some years before.
As she explained to me recently, he was busy that day, working on the Stanford, University internship that had brought him there. Left to her own devices, Peggy decided to explore the city, by herself, on foot.
Treasury Secretary Janet Yellen has named IRS Deputy Commissioner Douglas O'Donnell to succeed IRS Commissioner Charles P. Rettig – at least for now – as acting IRS commissioner.
Technical problems that were preventing U.S. expats from being able to access online forms that would enable them to apply for help with their outstanding student loans, under a recently-launched government program, have apparently been resolved, according to Democrats Abroad spokespeople, who had been calling on U.S. Department of Education officials to address the matter.
An unexpectedly large increase in the so-called Foreign Earned Income Exclusion in the U.S. tax year ending on Dec. 31, 2022, of 7.1%, could be a “game-changer” for many American expats living in certain countries, such as the United Kingdom, according to David McKeegan, co-head and co-founder of Greenback Expat Tax Services.
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
