The Voice of Americans Overseas

ACA is the premier advocacy organization for Americans overseas

FATCA

What is it and how might it impact me?

Taxation

US tax legislation is complicated, burdensome, unfair and makes Americans uncompetitive

Banking

US legislation is resulting in denial of financial services to Americans residing overseas

Citizenship

All Americans should have the right to transmit US citizenship to their children

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Filing Your Taxes

The ACA Tax Return Preparer Directory

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Taxation

American Citizens Abroad Global Foundation Seeks Views on Tax Laws

ACA's sister organization, American Citizens Abroad Global Foundation (ACAGF) in cooperation with the faculty of the University of Nevada, Reno's College of Business have announced a research project to study the effects of FATCA on American citizens living abroad.  Read more...

Take the survey: https://www.surveymonkey.com/r/ACA_FATCA


Americans Abroad Caucus

Government Commission Proposed to Study Effects on Americans Overseas

From voting rights to financial reporting, the almost eight million Americans who live overseas are often adversely impacted by federal policies that fail to consider their unique circumstances. That has Reps. Carolyn B. Maloney (D-NY) and Mike Honda (D-CA), of the Americans Abroad Caucus, concerned. The pair today introduced new legislation to establish a commission that would study the variety of ways federal policy fails those living outside the 50 states. Read more...

ACA in Washington

ACA, Inc. announces the recipient of the 2015 Thomas Jefferson Award

ACA, Inc. announced Ambassador Michele Thoren Bond as the recipient of the 2015 Thomas Jefferson Award for outstanding service by a State Department employee to Americans abroad.  Read more...

Taxation

Senate Finance Committee Bipartisan Tax Working Group Report

The Senate Finance Committee recently issued its Bipartisan Tax Working Group Report (July 8, 2015). The report offers very little in the way of specific recommendations on tax reform, either domestic or international. Essentially the report puts into review the current tax code and highlights areas for focus and attention and also highlights areas where potential reforms could be made.  In keeping with this presentation strategy, tax treatment of Americans overseas is called out in several places in the report. Read more...

FATCA

Caucus members support FATCA "Same Country Exemption"

The Americans Abroad Caucus Co-Chairs Carolyn Maloney and Mich Mulvaney are urging their colleagues in the House to support a "Same Country Exemption" rule to alleviate problems that FATCA has caused for Americans residing overseas. Read more...

Tax filing

Delinquent FBAR and Tax Filing Penalties

Recent media articles surrounding penalty assessments for deliquent FBAR and tax filings have caused confustion over the various IRS programs in place for indiduals who need to become compliant with FBARs.  Read more...

Taxation

ACA continues advancing its advocacy work for Residence-based taxation (RBT)

Following up on the Senate Finance Committee’s request for tax reform submissions, ACA continues advancing its advocacy work for Residence-based taxation (RBT) by making its recent submission. ACA submitted its proposal in April 2015 for a workable platform for Residence-based taxation with renewed thinking and updated data and statistics. See this document (April 2015).

FATCA

Revised FATCA Reporting Requirements

US taxpayers both in the US and abroad should be aware of the latest foreign bank account reporting requirements which are now in effect.   Read more....

Afffordable Care Act

Another New Tax Form for Americans Abroad

The Affordable Care Act now requires all Americans to have "essential coverage" for health care insurance.  US citizens living overseas, subject to US income tax, can be exempted from the "essential coverage" provision if they satisfy certain requirements. Read more...     

ACA Video

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ACA has released a short (90 seconds) educational video on FATCA highlighting how the legislation is affecting Americans legitimately living and working overseas.  ACA encourages all members and supporters to write to their representatives in Congress and educate them on FATCA.  Please let others know about FATCA by sharing the ACA video.

Investment Planning

Why are overseas Americans barred from buying US Mutual Funds?

For once it’s not US tax policy. ACA Executive Committee and Board member, Jonathan Lachowitz explains why the landscape has changed for Americans overseas with US based mutual fund accounts.  Read more...

Other Updates

New IRS Streamlined Procedure adopts ACA's Suggestions and Recommendations

The IRS has listened to ACA, the Taxpayer Advocate and tax professionals and included our suggestions and recommendations in their new Streamlined Foreign Offshore Procedures program (SFOP).  The program emphasizes simplicity over complexity and allows individuals to come into compliance without being subject to typical tax penalties (failure-to-file, failure-to-pay, accuracy-related, etc.).  This is a great step forward and shows that the IRS is aware that the community of Americans overseas are not criminal tax evaders.  This is in great part due to ACA’s efforts in Washington, DC, the Voice of Americans Overseas working to bring about positive change for Americans overseas.  See the link to our June 23, 2014, press release here .