Year-End Tax Planning for Americans Living in the UK: Key Considerations for 2025
When writing about this topic last year, we noted how 2024 was one of the most eventful years for tax changes and elections....
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All of our blog posts are displayed below with the most recent first.
US Tax Planning 2025
Having entered into 2025, we will soon see the Republicans form a new US government with the shy and retiring Mr D Trump at the...
How does the abolition of the non-dom regime affect US citizens in the UK?
The 2024 Spring Budget introduced major changes to the taxation of non-UK domiciled individuals. The new Labour government’s...
The Return of the Donald
It’s official, Donald Trump will return to office on 20 January when he will, again, be inaugurated as US President.
Are you an “Accidental American” who has or is considering expatriating? If so, relief from all US taxes and penalties could now be available!
US persons are required to file annual US tax returns regardless as to where they are living. Our blog below refers and explains...
What is a Green Card?
Following on from the news surrounding Rishi Sunak’s wife non-domiciled UK tax status (read more about this here), it seems that...
Biden's Big Tax Plan
In this blog from our US tax team, we look at President Biden’s plans for significant tax rises for both high net worth...
Are US personal tax rises on the way?
Are US personal tax rises on the way? It would be easy to become confused by the vast swathes of new legislation which have been...
Streamlined Filing Compliance Procedures
The US is one of the few countries in the world to tax their citizens not on their US residency status but on their citizenship....
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COVID-19 and Foreign Earned Income Exclusion
Many US taxpayers residing overseas make use of the Foreign Earned Income Exclusion (FEIE) when filing their US tax returns. To...
IRS relief non US citizens stranded in the United States
With the rapid spread of Covid-19 many countries including the United States responded by restricting travel and imposing...
IRS Economic impact payments
As a part of the US response to the ongoing Covid-19 pandemic, the Treasury Department and the Internal Revenue Service has...
Tax Day is now July 15
The Treasury Department and Internal Revenue Service have announced that the federal income tax filing due date is automatically...
Accidental Americans - Are UK Banks next?!
US persons holding bank accounts outside of the US are ordinarily required to disclose such bank/financial accounts to the...
IRS and HMRC targeting crypto investors
We are finding increasing number of clients are investing in cryptoassets and we are aware that for past tax years there has been...
IRS to publish guidance on taxation of cryptocurrencies
The IRS has announced that it will soon publish new detailed guidance on how the cryptocurrencies should be treated for US tax...
Complexities of divorce involving a US Citizen and a non-US Citizen
Divorce is a very stressful time but the complexities of the US tax rules when a non-US spouse is involved add an additional...
IRS issues draft form 1040 for 2018 Returns
The IRS recently released a draft of its new Form 1040 that every American taxpayer will use to file their 2018 tax returns...
Transition Tax
Section 965 Transition Tax
White House Reveals Tax Plans
Yesterday President Trump revealed plans to significantly cut the tax rates for both individuals and businesses. There are few...
President Donald J. Trump - What tax changes can we expect?
This morning, Donald J. Trump won the US Presidential Election.
US Election Results : Are you now considering expatriation?
Prior to the US Presidential election we heard comments first hand and in the press from US citizens and green card holders that...
Exchange Rate Fluctuations for US Persons
Carmen Lee from our US tax team has had a article published in The American magazine, covering the issues faced by US Persons...
Will the IRS Audit my return?
Will my returns be audited by the IRS? It is a question asked of us many times throughout tax season.
April – A Taxing Month
In our latest article for The American magazine we discuss some tax tips ahead of the end of the UK tax year and the first...
US expatriation on the BBC
You may have seen an article on the BBC website reporting on the record number of Americans relinquishing their US Citizenship...
Non-US Funds and “Stocks and Shares” ISAs
In our latest article for The American magazine we discuss non-US funds and “Stocks and Shares” ISAs.
Year-end tax planning for US taxpayers
In our latest article for The American magazine we highlight some great year-end tax planning opportunities for US taxpayers.
A long time in the making
Taxpayer wins landmark LLC case The Supreme Court has allowed the taxpayer's appeal in Anson (formerly Swift) v HMRC, which has...
UAE and US Sign FACTA Agreement
The UAE and US have signed an agreement to implement America’s Foreign Account Tax Compliance Act (FATCA). Under this agreement...
Are you an American?
And why you might not want to read this blog if you think you may be. Holding a US passport means enjoying the benefits of...
UK property and mortgage exchange rate gains
The nasty smell at the back of your mortgage The London housing market is booming again and inevitably this results in homes...
Foreign mortgage exchange rate gain
The nasty smell at the back of your mortgage
The housing market is moving again and this will inevitably result in an increase...
The April 15 Tax Deadline
With April 15 looming, the initial deadline for US people to pay their taxes, we take a look at why so many Americans are saying...
New 3.8% Net Investment Income Tax Now in Effect for 2013
The net investment income tax is a new tax charged at a flat rate of 3.8% which will apply for the first time on Federal income...
The Net Investment Income Tax: What High Earners Need to Know
The net investment income tax, which applies for the first time from Jan 1 2013, imposes a rate of 3.8 percent to certain net...
Changing Attitudes towards DOMA
In June the Supreme Court heralded the way for change. The Defense of Marriage Act (DOMA) was deemed unconstitutional;...
Taxing by citizenship - a much needed break by the IRS?
The IRS has recently introduced the Streamline Voluntary Disclosure programme. This scheme has been offered as something akin to...
US citizens and green card holders renouncing citizenship
As reported in the Wall street Journal last week, figures show the number of US citizens renouncing their citizenship is on the...
Foreign Account Tax Compliance Act (“FATCA”) Update
Draft forms received The IRS has received for public comment, draft versions of three forms which will be required in the...
Filing your Report of Foreign Bank Accounts
Form TD 90-22.1 FBAR This is a reminder that, the deadline for filing the 2012 Report of Foreign Bank Accounts (FBAR) is 28 June...
June 17 - Time for those abroad to file their taxes!
For US citizens and resident aliens residing overseas the due date for tax filing is fast approaching.
Oh no... I haven’t filed my US tax returns
A guide to coming clean to the IRS and getting up to date with your taxes Fix it, fix it quickly, and don’t do it again. That’s...
American Taxpayer Relief Act of 2012 signed by President Obama
The largely anticipated “American Taxpayer Relief Act of 2012” was signed in to Law by President Obama on 2 January 2013.
