PREP Podcaster - ”Success Favours The PREPared Mind”
News:News Commentary
January 20, 2021 - Participants Include:
John Richardson - @Expatriationlaw
Dr. Karen Alpert - @FixTheTaxTreaty
Dr. Laura Snyder - @TAPInternation
Suzanne Herman - @SuzanneHerman1
Keith Redmond - @Keith__Redmond
The core mission of SEAT is to "Stop Extraterritorial American Taxation".
Extraterritorial American taxation is system that imposes worldwide taxation, on the non-US income of people who live in other countries. That said, there are different groups impacted.
These groups include:
American expatriates - short term Americans abroad who are returning to the USA and engage in financial planning in the US system.
American emigrants - people who moved permanently from the United States and engage in financial planning in tax system of the country of residence (example Canada).
Accidental Americans - people who moved from the United States as small children and not think of themselves as US citizens. Their financial planning revolves ONLY around their country of residence.
American Retirees abroad - people who have moved abroad to retire and live off U.S. source income (example Social Security). They are likely to file ONLY U.S. tax returns.
Additional victims of Extraterritorial Taxation include:
The sovereign countries where U.S. citizens reside; and
Homeland Americans who are effectively prevented from leaving the United States and living a normal life outside the United States.
Why it's important to distinguish the various groups impacted
US citizenship-based taxation AKA (the US imposition of US worldwide taxation on the tax residents of other countries) is a problem bigger than any one individual or one specific group. Different provisions of the Internal Revenue Code affect different groups differently.
Those varying and disparate effects have made it hard to unify the various groups of Americans abroad in the fight to end US citizenship-based taxation.
This podcast discusses the reason for this and provides examples.
Although many Americans are extremely patriotic, more and more Americans are playing ”The Expatriation Games”
When Democracy And Freedom Collide In A World Of Tax Confusion
A Proposed Pillar 3 For International Tax Reform: Individuals Should Be Tax Residents Of Only One Country At A Time
When It Comes To Investing It‘s More About The Investor Than About The Investment - Discussion with Dan Mazzola, CFA and CPA
For Good And Evil: The Teaching Of Charles Adams Lesson 7
FATCA Thoughts From 2019: @Tpsmyth01 - @ADCSovereignty Trial Podcast
Smarter Social Security With Dan Mazzola, CFA, CPA - Don‘t Leave Money On The Table (especially Americans abroad)
Why The Fate Of Americans Abroad Is Not The Same As The Fate Of The Passengers On The Titanic
Renouncing US Citizenship: Two Solitudes - Separating Immigration/Nationality From Tax
For Good And Evil: The Teaching Of Charles Adams Lesson 6
The Good, The Bad and The Ugly: SEAT Analyzes Beyer HR 6057 - Is It Really Tax Simplification For Americans Abroad?
The Importance Of US Social Security For Americans Abroad
For Good And Evil: The Teaching Of Charles Adams Lesson 5
For Good And Evil: The Teaching Of Charles Adams Lesson 4
For Good And Evil: The Teaching Of Charles Adams Lesson 3
An Update With Ronald Aries (”The Dutch Pilot”): Catching Up With Him On The Eve Of His November 11 FATCA Appeal
Foreign Trusts With CPA Gary Carter: Forms 3520, 3520A And IRS Penalties
For Good And For Evil - The Teaching Of Charles Adams - Lesson 2
How Does Renunciation Affect Entitlement To US Social Security Payments?
For Good And For Evil: Podcast 1 - Introduction
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