Committed activism by Americans abroad has succeeded in persuading Treasury to give us a 12 month reprieve from "transition tax" payments due under the 2017 Tax Cuts and Jobs Act* (TCJA). All your letters to Treasury and Congressional leaders helped us achieve this important campaign milestone. We now focus our outreach on Congress. Please help by writing to your elected representatives and others in Congress now. Here's how.
The 2017 TCJA was drafted in such haste that a great many errors were made. The transition taxes in the law introduces will cause great harm to Americans business owners abroad. Congress is being lobbied heavily by groups like us seeking to have the errors that impact them addressed in a "corrections bill". We need an exemption from the Repatriation Tax and GILTI Tax regime in that "corrections bill"!
The "corrections bill" may be introduced some time over the summer as an attachment to a bill renewing funding for a government department or agency, or it may be introduced in the "lame duck" session after Election Day (or other). In any case, we have to use the time we have to keep our demands front of mind for Congress.
Whether you are an American business owner abroad or not, we ask that you participate in our Phase 2 campaign of outreach to members and officials in Congress demanding an exemption from the "transition taxes" in the TCJA. Please use this information and email message template to write to YOUR HOUSE AND SENATE MEMBERS as well as the key Congressional leaders.
Please let us know if you receive a communication back. Send it, or any questions or comments, to us at [email protected].