TMax

Such a great summary of what so many Americans face before they expatriate. The average American has no idea what US expats go through. The compliance burden is absurd. Imagine being held to the same reporting standards as a Fortune 100 company just because you live abroad. That’s the reality. Endless forms. Endless filings. For ordinary people who simply happen to live outside the US. #USExpats #ExpatLife

The entire bill is revenue negative! That’s not why ending double tax didn’t make it. It wasn’t and never has been about revenue neutrality. Anyone telling you that is stringing you along. And if anyone tells you that in the future just ask “how does ending tax on tips score?” Or “how does 100% bonus depreciation score”. Nearly the entire bill is filled with giveaways lobbied by professionals and backed by campaign contributions to key members of Congress. Trump’s pledge wasn’t enough since he hasn’t repeated it since. The best hope now based on his pledge is a regulatory fix. The best hope from Congress is a targeted campaign at a senator and Trump’s end double taxation pledge is useful evidence to that senator that supporting RBT is not anti-MAGA. It’s time for full RBT. No compromise.

It would be prudent for #Americansabroad to "hope for the best, but prepare for the worst". Those who can @JustRenounce (especially those over 50 or so) should probably begin their renunciation planning. Yes, @citizenshiptax will end, but not in time for you.

Thinking about the @IRS_Medic podcast today about the @RepLaHood bill ... Should be an interesting discussion. Rereading the Bill I realized that both the LaHood Bill and the proposed "revenge tax" in the Big Beautiful bill create a new S. 899 of the IRC. Coincidence? lahood.house.gov/_cache/file…

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Most Americans have no idea how brutal it is to live abroad as a US citizen. 5+ million Americans overseas deal with a headache most can't imagine... While Canadian citizens who move to Spain face zero tax obligations to Canada. Americans? Still filing US returns from wherever they land. The absurdity is real: • FBAR filing for any foreign account over $10K • FATCA compliance makes opening a simple bank account a headache • Double taxation even after paying local taxes Boris Johnson sold his London flat, paid UK taxes, then IRS demanded MORE on the same gain. He called it outrageous and renounced his citizenship. The Pope must file US tax returns on his Vatican salary. The simple truth is: An American who moves abroad = tax and compliance prison for life. Millions were hoping this administration would keep its promise and eliminate these absurd requirements. So far? Radio silence... We need to keep talking about this. 5.5 million Americans abroad deserve representation. Or at least basic fairness. Taxation without representation isn't just history. It's happening right now... #Expats #TaxTwitter #ExpatTax

@ExpatriationLaw Why is it that "Justification of taxation" never seems to come up as a reason to angle against CBT? Olden days justification Protection Newer **Provision of resident services** Newer yet Protection of rights @IRS_MEDIC nitter.gq/ExpatriationLaw/status…

Embarrassing IRS Comm seems not to know 1) Pope is a US cit, everyone else seems to know, 2) how the US tax laws work. If Pope was a non-US person, then his comment about source of income being the test for US tax wd b correct. Otherwise flat out wrong.

The Pope meets Mr. #FBAR in the Vatican. Not everybody can be the Pope. But every US citizen can create a direct link to IRS reporting. @VLJeker explains: us-tax.org/2025/05/09/does-p…

Maybe you should consider writing a short public letter to the Vatican to alert them to this issue affecting the new Pope, and all other American citizens living abroad.

The best way forward is RBT effective January 1, 2025, that’s automatic. No election. No thresholds. A very simple rule: if you are not present in the US for 120 midnights per year, you’re presumed non-resident. Simple. Easy. Fair. @ExpatriationLaw

When considering tax reform for #Americansabroad: It's not whether ending US @citizenshiptax would reduce US tax revenue. Rather it's how ending #CBT could raise enough revenue to pay off the national debt! citizenshipsolutions.ca/2025…