A bill in Congress would allow U.S. citizens residing abroad to elect out of being taxed on their U.S. income.

While many other countries employ a residence-based tax system, the US uses a citizen-based taxation system, leading to potential double taxation for Americans abroad, as ABC News notes.

Rep. Darin LaHood, R-Illinois, a member of the tax-writing House Ways and Means Committee, introduced the Residence-Based Taxation for Americans Abroad Act on Wednesday, a bill that would implement a ...

In the latest installment of In the Pages, Tax Notes International contributing editor Robert Goulder sits down with the authors of the Tax Notes article “A Simple Regulatory Fix for Citizenship ...

However, in 2019, the IRS received only 1,705,656 income tax returns from Americans abroad, those in U.S. territories other than Puerto Rico and U.S. service members abroad.

Under the citizenship-based taxation approach, a US citizen working or enjoying retirement in any country outside the US shall continue to be subject to US income tax. This rule signifies that ...

The United States - almost uniquely in the world - operates citizen-based taxation, and this can have serious consequences for Americans who choose to move abroad.

You might have lived outside the US for years, even decades, but that doesn't mean that you escape the clutches of the IRS. Citizen-based taxation, coupled with the US' FATCA legislation, can have a ...

While many other countries employ a residence-based tax system, the US uses a citizen-based taxation system, leading to potential double taxation for Americans abroad, as ABC News notes.

Citizen-based taxation, coupled with the US' FATCA legislation, can have a serious impact on Americans in France, affecting everything from completing tax declarations, the type of investments you ...