citizenshiptaxation

Meet the Proposed Commissioner of the IRS – A Welcome Change?

cross-posted from Brock. Politico announced Trump’s nomination Of Charles P. Rettig, including the following excerpts: Rettig, who specializes in settling complex tax disputes between his taxpayer clients and authorities like the IRS, known as tax controversies, has for more than three decades represented clients before the IRS, the Justice Department, state tax authorities and otherContinue reading “Meet the Proposed Commissioner of the IRS – A Welcome Change?”

The Conscience of a Lawyer and “The FBAR Fundraiser” Revisited

The compliance community leads the @USTransitionTax charge: "TCJA’s transition tax could hit cross-border biz owners" https://t.co/jQwJ1sUomM — U.S. Transition Tax – Subpart F (@USTransitionTax) January 24, 2018 https://platform.twitter.com/widgets.js Many of you may remember this outstanding post (below) from the early days……when the incessant torment was massive fear of “#FBAR penalties.” Compounded by #OVDP, (or #OVDIContinue reading “The Conscience of a Lawyer and “The FBAR Fundraiser” Revisited”

Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part V (Final)

cross-posted from citizenshipsolutions by John Richardson Update January 2018: This post has been updated with some new links and discussion Part I is here. Part II is here. Part III is here. Part IV is here. ******* Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part VContinue reading “Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part V (Final)”

Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part IV

cross-posted from citizenshipsolutions by John Richardson Update January 2018: This post has been updated with some new links and discussion Part I is here. Part II is here. Part III is here. ***** PART IV U.S. Citizenship law of the present – Breaking The U.S. Connection – Relinquishment Relinquishing acts – How to lose U.S.Continue reading “Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part IV”

Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part III

cross-posted from citizenshipsolutions by John Richardson Update January 2018: This post has been updated with some new links and discussion Part I is here. Part II is here. ***** PART III Legal Status of Citizen vs. The Engagement Required By Citizenship Is the “legal status” of being a citizen sufficient? Is there a differenceContinue reading “Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part III”

Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part II

cross-posted from citizenshipsolutions by John Richardson Update January 2018: This post has been updated with some new links and discussion. Part I is here. ***** We are witnessing what McGill law professor Allison Christians once referred to as the “Story of The Century“. To borrow from Professor Christian’s post: The US is right nowContinue reading “Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part II”

Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part I

cross-posted from citizenshipsolutions by John Richardson Update January 2018: This post has been updated with some new links and discussion. Prologue – The “Story Of The Century 200,000 Saudi US citizens liable to pay taxes | Arab News — Saudi Arabia News, Middle East News: http://t.co/lPmRfQ5gf5 via @Arab_News — John Richardson – U.S. CitizenshipContinue reading “Taxation of #AmericansAbroad in the 21st Century: “Country of birth” Taxation vs. “Country of Residence” Taxation- Part I”

What is the international reaction to the latest US Tax Reform by President Trump? Is there any Concern for worldwide tax competition?

Cross-posted from Quora by John Richardson Contrary to the early answers to this question, there is (internationally) a great deal of interest in U.S. tax reform and a great deal of reaction to it. All you need do is read the London Financial based Financial Times (and other publications) to read about this. AContinue reading “What is the international reaction to the latest US Tax Reform by President Trump? Is there any Concern for worldwide tax competition?”

Appears U.S. can Suggest but Cannot/Will not Force Citizenship on Those Born Outside the Country

This post appeared at reddit. It is interesting that while the Consulate in Montreal asked “why we did not want to apply for citizenship of our son” several years later, there had been no efforts to impose or force it. This gentleman explains it as pressure however, the lack of any follow-through by theContinue reading “Appears U.S. can Suggest but Cannot/Will not Force Citizenship on Those Born Outside the Country”

Treasury Department Responds, so to speak, to Rep Bill Posey’s #FATCA letter

Last September, due to the efforts of Suzanne Herman, Representative Bill Posey (R-FL) sent an excellent letter to Treasury Secretary Mnuchin, asking him to deal with #FATCA. This post included the text of the letter and some 60+ comments from Brockers. What Rep. Posey received is a stark contrast to the expectationContinue reading “Treasury Department Responds, so to speak, to Rep Bill Posey’s #FATCA letter”