Tax

TIGTA reports: an interim report on the 2022 filing season; and 'strategy needed' to grow electronic filing of biz returns

The U.S. Treasury Inspector General for Tax Administration (TIGTA) this month has published two reports that consider differing aspects of the Internal Revenue Service's recent performance – and has arrived at many of the same conclusions that the National Taxpayer Advocate, Erin M. Collins, did, in her annual report to Congress…

May 13, 2022
Tax
By Helen Burggraf

Dems Abroad TTF in move to open door to discussions on FATCA's future

In what's being seen as a potentially significant development, the Steering Committee of the Democrats Abroad's Taxation Task Force has announced that it has "voted in support of submitting a resolution to 'update' the Democrats Abroad FATCA policy from 'reform' to 'repeal'."

April 18, 2022
Tax
By Helen Burggraf

Dems Abroad Taxation Task Force webinar: 'Which tax strategy is best for me: FEIE or FTC?'

This Thusday (April 14) the Democrats Abroad's Taxation Task Force is hosting a Zoom webinar for expat Americans that will address "the ins and outs of using the Foreign Earned Income Exclusion (FEIE) versus the Foreign Tax Credits (FTC)" when filing one's U.S. taxes.

April 12, 2022
Tax
By staff writer

Twelve years on: Just how well do you know your FATCA?

Without really meaning to, many American expatriates as well as tax industry experts, lawyers and others have become experts on the subject of FATCA over the past decade-plus that it's been around. So, as we did last year on this date, we thought it might be interesting to mark the…

March 18, 2022
Tax
By Helen Burggraf

IRS establishes new 'Taxpayer Experience Office' to 'improve service'

As part of what it calls "a longer-term effort to improve" the services it provides to U.S. taxpayers, the IRS has unveiled "the first-ever Taxpayer Experience Office," and says it "will soon begin taking additional steps to expand" the offering.

March 11, 2022
Tax
By staff writer

London-based Withers bolsters its U.S.-Canada cross-border practice in San Francisco

Withers, the London-based, internationally-focused law firm that specializes in cross-border tax, estate and trust issues, has added to its expertise on U.S./Canadian matters, with recent hires in its San Francisco office.

February 25, 2022
Tax
By staff writer

Latest tax and financial planning webinars, podcasts & events on offer

Once again, we're posting in our news section a selection of events from our regular "Listings" page, to help some of these online event sponsors and their audiences to find each other...

January 24, 2022
Tax
By staff writer

IRS to U.S. taxpayers: 'reasonable cause' defense in the event its own published guidance was to blame

U.S. taxpayers may now claim a "reasonable cause" defense in the event they've been hit with a penalty in connection with a tax matter for which they had "reasonably and in good faith" relied on any IRS-published FAQs (frequently-asked-questions) that has to do with new tax legislation, the IRS has…

October 20, 2021
Tax
By staff writer

Uncle Sam Reminds YOU: Tax Day for expats who got extensions is Oct. 15

Uncle Sam – in the rather more official (and less colorful) form of the Internal Revenue Service – is reminding U.S. expats that as it is now October, this means they only have two weeks left to get their U.S. tax returns in, if they opted to take advantage of the extension…

September 27, 2021
Tax
By staff writer

KPMG UK unveils new tax practice in London for U.S. expats

KPMG UK, the British arm of the global "Big Four" accountancy firm, today unveiled a new practice that will be based in London and will look to assist U.S. expats in the UK and across Europe with their tax issues, which it believes will become even more challenging as proposed…

August 16, 2021
Tax
By staff writer

A brief Bright!Tax Guide: How expats can catch up with their U.S. tax filing obligations

'Tax Day' for Americans living outside of the U.S. was on June 15. But not everyone who should have filed their 2020 U.S. tax returns by that date will know that. Because, as Allyson Lindsey, Bright!Tax partner and managing Certified Public Accountant explains below, millions of Americans who currently live overseas have…

July 9, 2021
Tax
By Allyson Lindsey

More...

BBC World Service takes a 4th of July look at U.S. 'taxation' and 'representation' of its expats

In a gesture no doubt aimed at least in part at the estimated 7 million to 9 million Americans who live outside of the U.S., today's BBC World Service's Weekend show set aside a 15-minute segment to examine some of the tax and citizenship issues these expats are currently struggling…

July 4, 2021
Tax
By Helen Burggraf

Switzerland's tax authority again issues reminder on disclosure of U.S.-client account details

For the fifth time since last December, Switzerland's Federal Tax Administration has published a list of banks banks, fiduciary firms and insurance companies that it says are on notice to provide it with information on their U.S. clients, in order that they are able to comply with the American anti-tax…

July 4, 2021
Tax
By Helen Burggraf

Friday's vote on the FATCA proposal in France's National Assembly

Setback for FATCA reciprocity advocates in France, as Assembly fails to approve amendment

The latest attempt by certain French lawmakers to introduce a proposed amendment that would oblige the U.S. to reciprocate with respect to the information it currently receives from France under FATCA has ended, after members of France's National Assembly voted against it late in the afternoon on Friday.

June 15, 2021
Tax
By Helen Burggraf

ACA to Treasury: 'de minimis rule' needed for GILTI and Transition Tax (and btw, RBT is needed too)

The American Citizens Abroad has written to seven top U.S. Treasury officials, including Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig, to urge it to "revisit" the way President Trump's 2017 Tax Cuts and Jobs Act is affecting the small- to medium-sized businesses owned by Americans overseas – in addition…

June 10, 2021
Tax
By Helen Burggraf

Tax