ACA American Citizens Abroad

"Foreign Account Tax Compliance (FATCA)" and financial services for Americans abroad will weigh heavily in Federal elections coming up in November

Model  letter to send to your representative.            Voting Guide.

The US Treasury and the Internal Revenue Service opened themselves to comments concerning the regulations related to implementation of the recently passed Foreign Account Tax Compliance Act (FATCA), incorporated as a revenue-generating mechanism in the HIRE (Hiring Incentives to Restore Employment) Act signed into law in March 2010.

ACA submitted a 13-page letter with numerous specific comments on how FATCA implementation would negatively impact on overseas Americans, and on trade and investment in the US in general.

Parallel to these objections to the new financial reporting requirements, ACA and other overseas action groups have requested that the House Financial Services Committee open hearings on the issue of banking service problems experienced by Americans living abroad.  Private citizens in the US and abroad are requested to submit their own personal experiences with banking problems to ACA to be used as testimony when the hearings take place.