FATCA Repeal Update: The action to take right now!

Attention Global Entrepreneurs and Investors! Is the IRS dragging you down? Text “Wealth” to 818-293-4857. Anthony's firm, Parent & Parent LLP can help end your tax anxiety and frustration right now! We do it all so you can focus on better things. 20 successful years experience in tax planning, tax resolution (including audits!), bookkeeping, asset protection, and offshore disclosures/FBAR help. Everything you need under one roof. Thousands helped!
Act by August 8, 2018

Join Anthony E. Parent, Esq., Keith Redmond, John Richardson and Suzanne Herman for a very important message about a second repeal FATCA hearing and how you can help make this happen!

ATTENTION AMERICANS OVERSEAS!

There is a SERIOUS bi-partisan push for an updated FATCA hearing to address the sharing of personal financial data and the lock-out of Americans overseas from foreign financial institutions (i.e. their local banks).

As a result of Suzanne Iclef Herman's hard work and tenacity in establishing and cultivating a relationship with her Congressman and his staff, we have succeeded in building bi-partisan momentum in an updated FATCA hearing. Suzanne requested to Congressman Posey’s office that I get involved in order to have as many Americans overseas as possible contact their respective Congressmen/Congresswomen.

The attached letter has been sent to Members of Congress (MOC) in a bi-partisan effort to have the House Ways & Means Committee hold another FATCA hearing. In conjunction with the request, MOCs have been sent a letter (in the same aforementioned attachment) which each MOC can send to House Ways & Means Committee showing their support for another hearing. Americans overseas are asked to write their Congressmen/Congresswomen to sign the letter.

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[agochoa]

I’ve contacted two of my AZ representatives back home on the matter. John McCain and Jeff Flake. I explained it to them and asked that they please help put this on the agenda because it needs to end. I don’t know what it will do, but it’s worth a shot.

[Tom-bmmm]

Thank you for the FACTA update. Do you know if there has been any progress in moving from Citizenship Based Taxation to Territorial Based Taxation?

[donttread]

Repealing FATCA would be great, but I fear if focus is only on FATCA, action to end citizenship based taxation wont get steam behind it. If FATCA is repealed it will alleviate some stress on reporting and allow banking to be easier for expats but the main disease would remain, citizenship based taxation. Do you expect it to be repealed in our lifetimes @IRS MEDIC?

[agochoa]

How likely is it that we will see the end of CBT?? That would stop the problem altogether.

[donttread]

Love John Richardson, hes very well spoken.

[WyleCoyote]

What happens if you live outside the USA and your passport needs renewal, but you can't renew because you are on the list and live outside the USA. What if you want to do an offer in compromise or bankruptcy but can' return to the USA because your passport will not be renewed. Is like being stuck in limbo and never be able to come back to the USA. Or renounce your citizenship.