Pages tagged "News"
U.S. Claims Court Allows Foreign Tax Credit on NII Tax
Tax Notes Today International, October 25, 2023
'U.S. Claims Court Allows Foreign Tax Credit on NII Tax,” by Michael Smith
A recent Tax Notes article gives a good reporting on the important US Claims Court decision allowing for the use of Foreign Tax Credits to offset the...
Court Rules that Foreign Tax Credits can be used to offset the Net Investment Income Tax (NIIT)
A Federal Court decision was handed down on October 24, 2023 which will allow a US couple living in France to use the US-France tax treaty to claim foreign tax credits (FTC) against their net investment income tax liability (NIIT). The case, Christensen v. United States, argued...
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ACA back to holding Town Hall Evenings in Switzerland
Join ACA as we host Town Hall Evenings in Switzerland (Zürich and Lausanne)
ACA’s efforts in Washington, DC / Tax, Estate & Financial Planning for US Taxpayers living in Switzerland
REGISTRATION:
- US $10 for ACA Members who register in advance ...
American Citizens Abroad Political Action Committee, ACA-PAC Ready to Accept Contributions.
Washington, DC
August 9, 2023
American Citizens Abroad Political Action Committee, ACA-PAC Ready to Accept Contributions.
On July 15, 2023, ACA announced the creation of ACA-PAC, a Political Action Committee to support candidates for federal office who will vigorously support legislation to...
ACA Statement: The Offshore World According to FATCA
On June 22, 2023, the IRS and the Urban-Brookings Tax Policy Center hosted a conference focused on tax administration research. Researchers from the IRS, other government agencies, academia and private organizations shared their latest analyses seeking to make tax administration...
Update on US Treasury Relief to 2022 Foreign Tax Credit Regulations
In March of 2023, ACA wrote to the US Treasury regarding its proposed regulation: IRS: REG-112096-22: Regulations Relating to the Foreign Tax Credit. In our commentary, ACA cited that the proposed regulation would adversely affect US citizens living and working overseas as these non-resident taxpayers will require...
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ACA submits response to the National Taxpayer Advocate (NTA) Erin Collins discussing NTA's recent Objectives Report to Congress, Fiscal Year 2024
July 26, 2023
Erin M. Collins
National Taxpayer Advocate Office of the Taxpayer Advocate
Internal Revenue Service Building
1111 Constitution Avenue, NW
Washington, D.C. 20224
RE: American Citizens Abroad response to the “National Taxpayer Advocate Objectives Report to Congress, Fiscal Year 2024”
Dear Ms. Collins,
American Citizens...
ACA Submission to the IRS highlights concerns over information reporting of Foreign Trusts
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