Here is the recording of the webinar we hosted on helping American families abroad receive the child tax credit.
What else can you do?
- Register to vote in US elections at votefromabroad.org
- Join Democrats Abroad – it’s free! Go to democratsabroad.org to register today
- Donate to help us reach more Americans abroad! democratsabroad.org/donate
- Sign up for our tax mailing list at democratsabroad.org/taxation
- Volunteer for Democrats Abroad Taxation Task Force democratsabroad.org/ttf_volunteer
Below is a copy of the submission the Democrats Abroad Global Taxation Task Force submitted to the Ways and Means Oversight Subcommittee in advance of the hearing with IRS Commissioner Rettig on the 2022 filing season taking place Thursday at 10am EDT. The TTF strongly encourages Americans abroad to submit their own comments by 5pm EDT Thursday, March 31. Click here to download a pdf of DA's submission to the Ways and Means Committee in full.
THIS EVENT HAS NOW PASSED. YOU CAN WATCH THE RECORDING OF THE WEBINAR HERE https://youtu.be/GNnEtbvYjEE
The Taxation Task Force will be hosting a webinar on Friday, March 18th called Helping American Families Abroad receive the Child Tax Credit.
IMPORTANT: Democrats Abroad does not provide personal tax advice or recommendations. We recommend that you engage a qualified, professional tax adviser to address questions related to your personal financial situation.
Below is a copy of the submission the Democrats Abroad Global Taxation Task Force submitted to the Senate Finance Committee in advance of the hearing Spotlighting IRS Customer Service Challenges taking place today at 10am EST. The TTF strongly encourages Americans abroad to submit their own statement for the record by Friday, March 3rd. Click here to download a pdf of DA's submission to the Senate Finance Committee in full.
Today is Child Tax Credit Day of Action. This day is intended to raise awareness to American families that qualify for $3,000 or $3,600 per child ages 0-17 depending on the child’s age. We want to remind Congress that they excluded American families abroad from the extended Child Tax Credit last year which has resulted in unprecedented levels of American families abroad who mistakenly received the extended Child Tax Credit and are being asked to pay it back this year.
Democrats Abroad believes this is wrong and unfair.
On Child Tax Credit Day of Action, Democrats Abroad asks American families abroad to share their stories by messaging their Members of Congress to raise awareness of this important issue.
If you have been asked by the IRS to pay back some or all of the Child Tax Credit you received last year, please contact us on [email protected] and tell us what you're experiencing.
By speaking out and raising our voices to Congress will the myriad of tax problems faced by Americans living abroad start to be addressed.
Below is a copy of the submission the Democrats Abroad Global Taxation Task Force submitted to the Ways and Means Oversight Subcommittee in advance of the hearing with the National Taxpayer Advocate on Challenges facing taxpayers taking place tomorrow at 2pm EST. The TTF strongly encourages Americans abroad to submit their own comments by Tuesday, February 22nd. Click here to download a pdf of DA's submission to the Ways and Means Committee in full.
Taxation Task Force Response to FinCEN Comments on Beneficial Ownership Information Reporting Requirements
Below is an outline of the submission the Democrats Abroad Global Taxation Task Force submitted to FinCEN for comment on the Beneficial Ownership Information Reporting Requirements. The TTF especially encourages American business owners residing abroad to submit their own comments, which is open for comment until February 7th. Click here to download a pdf of DA's submission to FinCEN in full.
Below is an outline of the submission the Democrats Abroad Global Taxation Task Force submitted to FinCEN for comment on the Review of Bank Secrecy Act Regulations and Guidance. The TTF strongly encourages Americans abroad to submit their own comments, which is open for comment until February 14th. Click here to download a pdf of DA's submission to FinCEN in full.
On December 29th, 2021, a Dutch court issued a ruling on FATCA that should make us all take pause and reflect on the state of tax reform for Americans living outside the US.
In the case, a local Dutch bank attempted to terminate the accounts of an “Accidental American” due to his refusal to obtain and provide a US Social Security Number (SSN). In an earlier hearing, he informed the judge that he spent only the first year of his life in the US, was unaware of his US citizenship until recently, and found the obligation to pay taxes to a country he never worked in to be unjust.
The judge ultimately ordered the bank to keep the American’s accounts open, conditional upon the account balance staying below the $50,000 threshold that would trigger special reporting for the bank. The expressed rationale was that even though non-US banks must collect SSNs from all American citizen customers, individuals have a clear interest in having the bank accounts necessary to live an ordinary life. Small accounts are also not reportable by the banks.
While this ruling applies to specific situations in one country, it is indicative of a broader trend of foreign legal scrutiny being placed on a US tax system that is often viewed as disproportionate, unjust, and broken.
Despite desperate requests from middle-class Americans abroad to lawmakers concerning financial access and tax issues, the situation has continued to worsen for many people. Because of this, a growing number of individuals have turned to foreign governments to seek protection from a US system in need of serious reform.
Countries are becoming increasingly aware of this indifference to the multitude of issues facing Americans abroad and at home, and they are taking measures into their own hands in ways that may not align with the interests of the US Congress. Americans abroad have a clear view of how the US is viewed and perceived around the world; we care deeply about our home country and want to ensure that the US continues to be viewed as a world leader. Fixing the US tax code to ensure middle-class Americans abroad are treated fairly is necessary to secure America’s future, both domestically and around the world.
In the coming months, the Democrats Abroad Taxation Task Force will be updating its policy positions and redoubling its advocacy for Residence Based Taxation. We have a model that addresses the needs of overseas citizens, is enforceable and sustainable even with limited foreign cooperation, and will continue to protect the interests of Americans worldwide.
We urge Congress to work with Democrats Abroad to properly resolve this issue which is clearly within their jurisdiction.
For English-language news about this court ruling, a number of free and paid articles are available:
Click here to sign up for the Democrats Abroad Taxation Task Force Newsletter to keep up to date on our tax advocacy efforts.
It’s been an enormously active year for Democrats Abroad in the fight for tax relief for Americans abroad. Our execution around a 5 point strategy for enacting tax reforms that provide consequential tax relief for the vast majority of Americans abroad yielded a bill in the House of Representatives that has a chance of being embraced by the Senate and passed into law. Dems Abroad is proud of our achievements and reaffirms our commitment to the goal of tax fairness for Americans abroad.
Read on for our annual Year in Review statement and click here for a full accounting of our work in 2021 to achieve tax reform for Americans abroad. Contact the Taxation Task Force at [email protected]