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U.S. Tax Court declines to consider US$160,000 passport revocation case, involving New York-resident American

The U.S. Tax Court in Washington last Thursday said it “lacked jurisdiction” and otherwise “could provide no… relief” to a New York resident who brought a legal challenge over the revocation of her American passport on grounds that she owed US$160,000 in “assessed penalties” to the IRS.

June 30, 2020
Tax
By Helen Burggraf

Little noticed abroad, controversial new U.S. ‘best interest’ law takes effect today

A years-long battle in the U.S. over the standards that financial advisers and “broker-dealers” should be held to, when recommending products for their clients, will formally end today, when what is known as the Security and Exchange Commission’s Regulation Best Interest comes into effect.

June 30, 2020
Legislation
By Helen Burggraf

When in Rome...: Brian Dunhill, Tom Goold, Adam Smith

Dunhill Financial webinar: Italian tax breaks for foreigners; ACA call for expats to urge Congress to hold hearings

Wealth management experts for London-based Dunhill Financial and Rome’s Valiant Wealth say that Americans looking for “la dolce vita” in Italy might well find it there at the moment, if they're prepared to take an organized approach in choosing – ideally in advance – where exactly in Italy they will…

June 29, 2020
News

Coronavirus risk cited as EU unveils plan to block entry into Europe by Americans

As the European Union prepares to begin allowing outsiders to enter its 27 member countries again on Wednesday, July 1, it has been drawing up a list of countries from which visitors won't be welcome, at least initially, owing to these countries' inability to control their coronavirus outbreak – and…

June 29, 2020
News

Little-known Irving Berlin song celebrates payment of one’s taxes

If the U.S. Internal Revenue Service has recently issued a call for a songwriter to come up with a melody celebrating the paying of one’s income taxes, we aren’t aware of it. Back in 1942, though, Irving Berlin apparently didn’t even need to be asked to write I Paid My…

June 28, 2020
Tax
By Helen Burggraf

Wisconsin’s Thun Financial plans expat and int’l client business growth after acquisition by major U.S. RIA

Thun Financial Advisors, a Madison, Wisconsin-based advisory firm that over the past 12 years has managed to build a business servicing some 500 clients in more than 50 countries around the world, is planning to grow its business catering to U.S. expats and international clients of other nationalities, after it’s…

June 18, 2020
News

Latest in UK FATCA challenge by ‘Jenny’: Complaint not upheld; appeal costs being weighed

The United Kingdom's Information Commissioner’s Office (ICO) has decided not to uphold a closely-watched, crowd-funded complaint over data protection violations that a U.S.-born, UK-resident complainant alleges have resulted from the way HMRC has forwarded her personal information to the U.S., in compliance with that country’s FATCA legislation.

June 18, 2020
News

'Financial planning for U.S. expats living in Italy' webinar

Dunhill Financial, the Brian Dunhill-founded wealth management company that specializes in looking after Americans in the UK and Europe, will host a free webinar on Wednesday, June 24, for Americans living in Italy, or who are planning to.

June 17, 2020
News

Now Monte Silver launches promised ‘copycat’ legal action in DC against TCJA’s GILTI provisions

Monte Silver, the American tax attorney resident in Israel who in January 2019 filed a still-ongoing lawsuit that challenges the so-called Transition Tax element of President Trump's 2017 tax reform legislation, has filed another lawsuit, also in U.S. District Court in the District of Columbia, over another aspect of the…

June 15, 2020
Tax
By Helen Burggraf

Repubs Overseas files court motion in support of Monte Silver Transition Tax legal challenge

The Republicans Overseas, “as well as several of its chapters”, have filed a "motion for a leave to file" amicus brief in a potentially precedent-setting legal challenge to a key element of President Trump’s 2017 tax reform legislation, being brought in Washington, D.C. by Israel-based U.S. tax attorney Monte Silver.

June 11, 2020
News

Former Police drummer Stewart Copeland, to expat fellow Americans: ‘Vote!’

Even some who were die-hard fans, back in the day, of the globally-famous British New Wave band known as The Police, might not immediately recognize the intense, 60-something gentleman with wavy white hair and a salt-and-pepper beard, addressing the YouTube camera in a strong American accent. A give-away might be…

June 9, 2020
News

News

U.S. Tax Court declines to consider US$160,000 passport revocation case, involving New York-resident American

Little noticed abroad, controversial new U.S. ‘best interest’ law takes effect today

Dunhill Financial webinar: Italian tax breaks for foreigners; ACA call for expats to urge Congress to hold hearings

Coronavirus risk cited as EU unveils plan to block entry into Europe by Americans

Little-known Irving Berlin song celebrates payment of one’s taxes

Wisconsin’s Thun Financial plans expat and int’l client business growth after acquisition by major U.S. RIA

Latest in UK FATCA challenge by ‘Jenny’: Complaint not upheld; appeal costs being weighed

'Financial planning for U.S. expats living in Italy' webinar

Now Monte Silver launches promised ‘copycat’ legal action in DC against TCJA’s GILTI provisions

Repubs Overseas files court motion in support of Monte Silver Transition Tax legal challenge

Former Police drummer Stewart Copeland, to expat fellow Americans: ‘Vote!’

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Acronyms

'Accidental Americans' group launches 'major' letter-writing campaign targeting Congressional Dems

Congressman Holding to discuss ‘Tax Fairness for Americans Abroad’ bill in London in April

Call for expats to be included in U.S. coronavirus relief efforts, as citizenship-based tax regime faces test

UK MP vows to continue speaking out on behalf of ‘accidental Americans’ living in Britain

Charles Schwab telling clients in UK, Europe their accounts must move or be transferred by year’s end

U.S. Citizenship and Immigration Services to close all but seven of its overseas offices

Accidental Americans latest: French banks warn of potential need to close 40,000 accounts

‘Dem sponsor needed’ for expat tax fairness bill, Rep. Holding tells London gathering

U.S. government report acknowledges problems with FATCA reporting

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