UPDATE 10 SEP 2018 Gary replied to this same post on the Citizenship Taxation Facebook Group. . Gary Clueit In the example of the Covered Expat inheritance 40% tax on heirs I gave during the interview, I misstated that there was no credit available for any foreign estate tax or IHT paid, giving the UKContinue reading “The proper care and feeding of the Green Card – An interview with “long term resident” Gary @Clueit”
Tag Archives: HARM
FATCA Repeal Update: The action to take right now!
#FATCA Repeal Update: The action to take right now!https://t.co/5xuVgYEvZY — U.S. Expat Canada (@USExpatCanada) July 27, 2018 https://platform.twitter.com/widgets.js From Global Advocate for the American Overseas, Keith Redmond is this important message: ATTENTION AMERICANS OVERSEAS! There is a SERIOUS bi-partisan push for an updated FATCA hearing to address the sharing of personal financial data and theContinue reading “FATCA Repeal Update: The action to take right now!”
Part 2: The transition tax: Is “resistance futile”? The possible use of the Canada U.S. tax treaty to defeat the “transition tax”
cross-posted from citizenshipsolutions blog by John Richardson Beginning with the conclusion (for those who don’t want to read the post) … For the reasons given in this post, I believe that there are grounds to argue that the imposition of the Sec. 965 “transition tax” on Canadian resident/citizens DOES violate the Canada U.S. taxContinue reading “Part 2: The transition tax: Is “resistance futile”? The possible use of the Canada U.S. tax treaty to defeat the “transition tax””
Part 1: Responding to The Section 965 “Transition Tax”: “Resistance is Futile” but “Compliance is Impossible”
Cross-posted from the citizenshipsolutions blog by John Richardson Part 1: Responding to The Section 965 “transition tax”: “Resistance is futile” but “Compliance is impossible” https://t.co/HMUi0Nw1rU — John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) March 2, 2018 https://platform.twitter.com/widgets.js Introduction and background … “This legislation is being interpreted by a number of tax professionalsContinue reading “Part 1: Responding to The Section 965 “Transition Tax”: “Resistance is Futile” but “Compliance is Impossible””
It’s Happening Again – Enough is Enough is Enough
NB: STAY TUNED – a 7-part video on the Transition Tax, with John Richardson & Karen Alpert will be posted in the next couple of days. NB: For anyone with time to spare/the interest/needing specifics to make the point regarding the “intention” of the law, here are some of the relevant House/SenateContinue reading “It’s Happening Again – Enough is Enough is Enough”
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”
I am an American citizen -do I have to pay taxes for life? How do I get rid of American citizenship?
cross posted from Quora If I have an American citizenship, am I stuck paying taxes to them for life unless I get rid of the citizenship? How do you get rid of the citizenship? by John Richardson U.S. Citizens are subject to extreme regulation wherever they live in the world… Continue reading “I am an American citizen -do I have to pay taxes for life? How do I get rid of American citizenship?”
I was born in Canada by an American mother, so am I an American citizen?
Cross-posted from Quora I was born in Canada by an American mother, so am I an American citizen? Answer by John Richardson , Lawyer (1982-present) Anybody concerned with the answer to this question should (1) do the appropriate research and (2) get the appropriate advice. Unless you live in the United States orContinue reading “I was born in Canada by an American mother, so am I an American citizen?”
Support the Paul Amendment to Repeal FATCA!
This Is an Urgent Campaign to Repeal FATCA ALERT! Support the Paul Amendment to Repeal FATCA! November 29, 2017 This week the Senate version of the tax reform bill will come to the Senate floor. The Campaign to Repeal FATCA has learned that Senator Rand Paul (R-Kentucky) plans to offer asContinue reading “Support the Paul Amendment to Repeal FATCA!”
It’s the Subpart F Rules, Stupid
There is a very good discussion going on over at Brock regarding the “Transition Tax” and the unintended consequences that may be passed on to expats. Fortunately, this cross-posted comment by USCitizenAbroad demonstrates how we have moved from the complicated verbiage of statutes/IRS Code to something understandable. (!!!!!) @Plaxy First, there has neverContinue reading “It’s the Subpart F Rules, Stupid”
Citizenship Taxation 