A new bill, H.R. 10468, could let U.S. citizens abroad opt out of worldwide taxation and be treated as nonresidents for tax purposes. If passed, it would ease reporting burdens and lower costs for millions of Americans overseas.
Author: Elite Consulting, P.C. | | Categories: EconomyAndTaxes , Expat Tax Filing , Expat Tax Tips , H.R. 10468 Tax Bill , Opt Out of U.S. Taxes , Residence-Based Taxation Act
A new bill, H.R. 10468, could let U.S. citizens abroad opt out of worldwide taxation and be treated as nonresidents for tax purposes. If passed, it would ease reporting burdens and lower costs for millions of Americans overseas.
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