US Issues News

    2. US Issues
    3. US Issues News
    2. US Issues
    3. US Issues News

    US Liaison
    The Taxpayer Advocacy Panel, or TAP, is comprised of approximately 80 members from across the United States, including the District of Columbia and Puerto Rico, and now an international representative, who volunteer to serve a three-year term.

    Shelby Lyon is the new TAP member for international taxpayers and can be contacted at . Volunteers generally spend between 200 and 300...
    Read more: Taxpayer Advocacy Panel gets International Representative

    US Liaison

    On March 8, International Women's Day, two members of the Americans Abroad Caucus, Co-Chair Carolyn Maloney of New York and Jan Schakowsky of Illinois, introduced a Resolution in the House of Representatives calling for the ratification of CEDAW, the Convention on the Elimination of all forms of Discrimination Against Women.

    Said Maloney, “This year marks the 20th Anniversary of the...

    Read more: Two Members of Americans Abroad Caucus in support of CEDAW

    Voting From Overseas

    FAWCO partner Overseas Vote Foundation has just released the results of its sixth post-election survey, launched on Election Day and continued through December 23, 2014.  We are pleased that many FAWCO members participated in the survey and that OVF continues to provide FAWCO members, as it has since 2008, with advanced voting technology and up-to-date voter support.

    While participation in the...

    Read more: Overseas Vote Foundation releases results of 6th Post-Election Survey

    Banking and Financial Services
    Foreign Bank and Financial Accounts Report (FBAR) - Due June 30

    IMPORTANT NOTICE:  FAWCO Tax & Banking Disclaimer
    FAWCO Club leaders, please also see FBAR-related Important Club FBAR Information.  

    In a nutshell - who must file an FBAR:  A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate...
    Read more: Foreign Bank and Financial Accounts Report

    Banking and Financial Services
    Bank secrecy “obsolete”!

    On October 29, 51 countries signed the Multilateral Competent Authority Agreement, signaling their intent to "build a collective exchange of bank accounts, taxes, assets, and income held outside local tax jurisdictions.”  Among other things, the Agreement extends to corporations the kind of mandatory banking transparency called for under FATCA.

    For the OECD announcement and a list of the...
    Read more: Bank Secrecy “Obsolete”

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