A growing proportion of U.S.-born expatriates do not feel they should be required to file taxes while they live abroad and about one-fifth of them are considering renouncing their U.S. citizenship, according to a new survey.
Another client of Swiss financial adviser Beda Singenberger, whose accidental mailing of a list of his American clients helped federal prosecutors build dozens of tax-evasion cases, has been nabbed by the government.
The tax plight of “accidental Americans” in France — there are an estimated 10,000 of them — may be discussed by President Emmanuel Macron with his U.S. counterpart Donald Trump during an end-of-April state visit to Washington.
The Internal Revenue Service is winding down its program to entice wealthy Americans who hid money abroad to come forward and take an amnesty deal—but if you’re a tax evader, or simply clueless, don’t think you’ve been spared.
The Tax Cuts and Jobs Act has been marketed as a much-needed simplification for American taxes, and American expatriates comprise a tax-paying demographic most in need of simplification of the tax requirements.