Tax Fairness for Americans Abroad
Tax Legislation Reform: With April 16th coming up, many in the US are scrambling to do taxes. U.S. taxation law tends to be a burden to U.S. citizens living abroad, and it impacts many in unintended ways – from preventing us from opening bank accounts to doing online trading to having joint bank accounts with non-American spouses. Some of our volunteers in Democrats Abroad have been working hard over the last two years to introduce the Tax Fairness for Americans Abroad Act.
For that purpose, they published a survey at the beginning of February – which many of you kindly filled out – so that they could identify and gauge the biggest issues Americans abroad have with taxation. If we want to get this bill into and through Congress, we have to be heard. So please call your members of Congress and make it clear how it would make a difference for you. Feel free to refer to the following the guide. Updates from our team and the general timeline for tax reform in the 116th Congress can be found here. For more information contact:infor@americansabroad.org.Washington, DC
Washington, DC - March 25, 2019
On March 13th and 14th, American Citizens Abroad (ACA) and American Citizens Abroad Global Foundation (ACAGF) hosted two webcasts updating the community on the recently introduced legislation, Tax Fairness for Americans Abroad Act (TFAA). Invited to speak at the webcasts were Matt Stross, Tax Counsel for Representative Holding, ACA Legal Counsel Charles Bruce and, several tax professionals (March 13 bios) (March 14 bios).
“ACA and ACAGF felt it important to have an update on the extensive work that Representative Holding’s office has been doing on this legislation and inform the community on next steps,” said Charles Bruce, ACA Legal Counsel and ACAGF Chairman. “Response to the webcasts has been very positive and the community has written ACA and ACAGF expressing how important it was for them to hear about this legislation from the Office of Representative Holding. ACA will be working to make the content from these webcasts more widely available in the coming days,” added ACA Executive Director Marylouise Serrato. For full audio of both the March 13th and 14th webcasts click here