Representative Carolyn Maloney and two of her colleagues on the Americans Abroad Caucus, which she chairs, have introduced HR 5828, “A Bill to amend the Uniformed and Overseas Citizens Absentee Voting Act to permit an absentee ballot application submitted by an absent uniformed services voter or overseas voter with respect to an election for Federal office to serve as an...
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On Tuesday, March 20, Congresswoman Carolyn Maloney of New York, Ranking Member of the House Committee on Financial Institutions and Consumer Credit, put a direct question to Treasury Secretary Timothy Geithner concerning the difficulties overseas Americans are increasingly encountering in maintaining or opening bank accounts abroad, where they live and work and need access to financial services.
In response, Secretary...
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On February 8, the Treasury Department issued new regulations related to the reporting required of “foreign financial institutions” under the Foreign Account Tax Compliance Act (FATCA). Click here for a New York Times article on the changes.
As pointed out in that article, however, the new regulations do not address the concerns of individual filers abroad, alarmed at the extensive...
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On January 9, the IRS announced that it was yet again reviving its program inviting those with undeclared accounts abroad to declare them, facing heavy penalties for not having filed previously but, in some cases, avoiding even higher penalties. Click here for the Bloomberg News article on this from the New York Times. Note that, as reported by the Associated...
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It’s up and running! The 2012 FAWCO-OVF website for user-friendly voter registration…
Once again this year, we are proud to announce that, thanks to our long-standing partner Overseas Vote Foundation, military and overseas voters can register to vote and request their ballots directly from the FAWCO website, using the latest secure technology and benefiting from access to continuously updated state-specific...
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While everyone knows (or should) that “U.S. persons” (citizens and green card holders) are required (above a very low minimum) to report their worldwide income to the U.S. Internal Revenue Service, many do not actually owe tax because of credits given under tax treaties and because of the Foreign Earned Income Exclusion (FEIE), now $92,400, credited against earned income (not...