Tax

Revealed: IRS’s sense of humor

As the countdown continues to Tax Day in the U.S., on Monday, we thought it would be a good time to call attention to a rather quirky collection of tax quotations that we stumbled on, buried deep inside the IRS’s website. Yup. For all its unflinching greediness, which seems to…

April 12, 2019
Tax
Written by Helen Burggraf

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…

April 8, 2019
Tax
Written by Helen Burggraf

IRS seen ramping up penalties on late-filed foreign trusts, CFCs, FBARs in 2019

The U.S. Internal Revenue Service, which has seen its operating budget slashed over the past eight or nine years, appears to be looking to increase its use of penalties against those non-U.S. resident taxpayers who fail to file documents or pay the taxes they owe on time, U.S. Tax and…

March 20, 2019
Tax
Written by Helen Burggraf

UK turns down U.S.-born Brit's FATCA FOI request, after Canada, Oz obliged their citizens

UK officials have twice turned down a Freedom of Information request filed by a U.S. born British citizen who was interested in knowing the “extent of…the annual disclosure of British taxpayer information to the US Internal Revenue Service, as per FATCA’s requirements" – even though similar requests to the Canadian and…

March 7, 2019
Tax
Written by Helen Burggraf

U.S. Treasury finally cuts expat small-biz owners some GILTI slack

Campaigners for fairer treatment for American citizens abroad are claiming a victory this morning, as news emerged that the U.S. Treasury had finally cut owners of small businesses located abroad some slack yesterday, by enabling such individuals to choose to be treated like a corporation for tax purposes, and thus…

March 5, 2019
Tax
Written by Helen Burggraf

Liz Zitzow: U.S. Treasury expected to unveil ‘good news’ for overseas small-biz taxpayers over GILTI, Section 965

Liz Zitzow, an American resident in London who runs a tax advice business for American expats, says the U.S. Treasury plans to announce “some good news on Monday” with respect to the recently-introduced global intangible low-taxed income (GILTI) tax, which has been causing major problems for many Americans who own…

March 1, 2019
Tax
Written by Helen Burggraf

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

Republican Representative George Holding will discuss his recently-proposed Tax Fairness for Americans Abroad legislation in April, in a public forum for American expats in London that the organizers say they are hoping will build the solid cross-party consensus that Holding’s bill will need to be approved by Congress.

February 28, 2019
Tax
Written by Helen Burggraf

National Taxpayer Advocate's 2018 Annual Report to Congress seen to ignore expat taxpayers' issues

The National Taxpayer Advocate's latest Annual Report to Congress largely ignores the struggles American expatriates have been facing, an examination of the various documents that comprise it reveals.

February 24, 2019
Tax
Written by Helen Burggraf

Treasury official reported to hint at plans to address GILTI concerns

The U.S. Department of the Treasury is planning to address a much-criticised aspect of the Tax Cuts and Jobs Act that currently would see individual American taxpayers facing potentially higher taxes on their overseas income, a report published on Thursday said, citing a Treasury official.

February 22, 2019
Tax
Written by staff writer

American expatriate lawyer sues IRS, U.S. Treasury over 'Transition Tax'

An American citizen living in Israel has filed a lawsuit against the U.S. Internal Revenue Service and Treasury Department, challenging a key component of President Trump's December 2017 tax reform legislation, as it applies to controlled foreign corporations.

February 2, 2019
Tax
Written by Helen Burggraf

Long-awaited Canada FATCA trial kicks off on Monday, with 'live webcast'

A trial in which a group of Canadian/American citizens are seeking to challenge the constitutionality of the Canadian government's enforcement of America’s FATCA legislation is set to begin on Monday in a federal courthouse in Vancouver, British Columbia, and will be broadcast live via a "webcast", according to sources involved…

January 25, 2019
Tax
Written by Helen Burggraf

More...

Democrats Abroad in survey of U.S. non-residents ‘impacted by tax obligations’

The Democrats Abroad, which represents members of the U.S. Democratic Party who are resident overseas, has launched a major research project it says is aimed at gathering information it plans to use in its efforts to reform the way American expats are currently taxed.

January 25, 2019
Tax
Written by staff writer

Suit challenging legality of 'Transition Tax' planned, amid reports final draft issued

Sources representing the interests of expatriate American owners of small non-U.S. businesses say they're preparing to go ahead with a lawsuit they say will challenge the applicability to small businesses of a key component of President Trump’s December 2017 tax reform legislation, the so-called Tax Cuts and Jobs Act (TCJA).

January 21, 2019
Tax
Written by Helen Burggraf

FBAR filing season officially open for U.S. expats (including duchesses)

The U.S. government may still be largely shut down, but non-U.S. resident Americans who have U.S. tax reporting obligations may now be able to kick off the 2018 reporting season by filing their 2018 Foreign Bank Account Reports, as the official FBAR exchange rates have just been published.

January 17, 2019
Tax
Written by Helen Burggraf

ACA issues detailed explanation of 'Tax Fairness' legislation

The American Citizens Abroad says tax legislation introduced on Capitol Hill last month that aims to address the tax problems U.S. expats currently face is a start, which would begin the transition from the country's current citizenship-based tax regime to one that allowed for U.S. citizens to be taxed on…

January 10, 2019
Tax
Written by Helen Burggraf

Tax

Revealed: IRS’s sense of humor

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

IRS seen ramping up penalties on late-filed foreign trusts, CFCs, FBARs in 2019

UK turns down U.S.-born Brit's FATCA FOI request, after Canada, Oz obliged their citizens

U.S. Treasury finally cuts expat small-biz owners some GILTI slack

Liz Zitzow: U.S. Treasury expected to unveil ‘good news’ for overseas small-biz taxpayers over GILTI, Section 965

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

National Taxpayer Advocate's 2018 Annual Report to Congress seen to ignore expat taxpayers' issues

Treasury official reported to hint at plans to address GILTI concerns

American expatriate lawyer sues IRS, U.S. Treasury over 'Transition Tax'

Long-awaited Canada FATCA trial kicks off on Monday, with 'live webcast'

More...

Democrats Abroad in survey of U.S. non-residents ‘impacted by tax obligations’

Suit challenging legality of 'Transition Tax' planned, amid reports final draft issued

FBAR filing season officially open for U.S. expats (including duchesses)

ACA issues detailed explanation of 'Tax Fairness' legislation

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Acronyms

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

Legislation to help American expats imminent, London audience told

Breaking: Congressman Holding scrapes through with ‘Tax Fairness for Americans Abroad Act’

George Holding’s bill: What we know so far

American expatriate lawyer sues IRS, U.S. Treasury over 'Transition Tax'

American small biz owner in EU: ‘Trump’s made it impossible for expats like me to compete outside the U.S.’

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

Expat eyes back on rumored tax bill-sponsor Holding, as he keeps seat in House

U.S. Treasury finally cuts expat small-biz owners some GILTI slack

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