AMA on H.R. 10468 Residence-Based Taxation for Americans Abroad Act, with Rebecca Lammers from Democrats Abroad

On December 18, 2024 a bill called H.R. 10468 Residence-Based Taxation for Americans Abroad Act was introduced in the House of Representatives which would create a new option for long-term U.S. citizens residing outside of the U.S. to no longer be treated as a U.S. tax resident. This would help alleviate the pain points Americans abroad experience in terms of having to file a U.S. tax return when no tax is due as well as issue a certificate that would permit Americans abroad to access financial accounts in their country of residence. The bill doesn't address all of the problems U.S. citizens living abroad experience, but it's a good step in the right direction.

Rebecca Lammers is the Chair of the Democrats Abroad Taxation Task Force and will be answering questions on the bill and any topics having to do with tax reform for Americans abroad in 2025. Democrats Abroad is the largest American abroad organization in the world as well as an official arm of the Democratic Party. The Taxation Task Force is a group of volunteer dedicated to tax and financial access advocacy to reform the tax laws for Americans abroad. Originally from Columbus, Ohio, she has lived in London, United Kingdom for 18 years. Rebecca also just recently completed her three-year term as the International Member on the Taxpayer Advocacy Panel (TAP). TAP is a Federal Advisory Committee whose mission is to listen to taxpayers, identify taxpayers' issues, and make suggestions for improving IRS service and customer satisfaction. She is a leading tax advocate and knowledgeable about reforming the tax laws that impact the lives of Americans living abroad.

Please post/upvote your questions in this thread. Rebecca will be responding to them in one week, on January 12th.