ACA in the News: Bill seeks to lift tax liability on foreign income for Americans
Arab Times (March 26, 2019)
Bill seeks to lift tax liability on foreign income for Americans
'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. The proposed legislation would work off the Foreign Earned Income Exclusion (FEIE) and would create an exclusion for income earned outside of the United States by qualified non-resident US citizens."