Having Bank Issues Due to Being a U.S. Citizen?
Thousands of Belgian citizens born in the USA, even if they lived there for a very short time, are facing having their bank accounts frozen as part of a crackdown by the US tax authorities.
According to the country's statistics bureau, there are 10,793 Americans currently living in Belgium. But that does not include those with dual nationality or accidental Americans. The number of those Belgians is not known.
If you have received a letter from your bank, or are worried about getting into compliance with U.S. tax authorities - please contact us. The initial consultation is free, and confidential.
"Accidental Americans " and U.S. Tax Reporting
U.S. Tax Laws
The USA is one of only two countries in the world that taxes non-resident citizens on their global income. Belgian banks face huge fines from US regulators if they continue to serve US citizens but fail to share information with the US Internal Revenue Service.
The IRS is Taking Action
The Internal Revenue Service (IRS) is ordering Belgian banks to hand over the American tax identification numbers of dual nationals so they can be charged tax as overseas citizens. This leaves many so-called 'Accidental Americans' in a complex situation, because they were never given US tax number or told they would be liable to US taxes for the rest of their lives.
Give Up U.S. Citizenship?
Giving up your U.S. citizenship is an option. However, it comes with a price. Generally, giving up American citizenship requires being tax compliant for at least five years and paying a fee of €2,125.
When Do I Need to Do?
Freeman Tax Law has decades of experience helping U.S. citizens, both home and abroad, get in compliance with the Internal Revenue Service. We would be happy to discuss your personal tax situation.
US TAX FILING HELP FROM FREEMAN TAX
Why do people choose Freeman Tax Law?
- Straight-Forward, Easy to Understand Style
- Years of Experience Handling Cases of All Sizes and Types
- Will Handle All Communication with the IRS on Your Behalf
- Free, No-Obligation Initial Consultation
“The client is the most important person at our firm….it is our job to understand their facts, clearly explain all options to resolving a problem, treat them with integrity and provide the highest level of representation.”
— Jeffrey S. Freeman, J.D., LL.M., Attorney and Counselor
Jeffrey S. Freeman, Esq. has personally represented and counseled hundreds of clients with regard to their tax matters. During his early career, Mr. Freeman worked for a large international tax firm specializing in international tax issues. He has extensive experience representing Fortune 100 clients and high net worth families. By combining large firm training and attention to detail, with a boutique firm approach and a personal focus on resolving complex tax matters efficiently, creatively and strategically, Mr. Freeman’s priority is always to provide his clients with the highest level of representation.
Mr. Freeman holds a Masters of Law in Taxation (LL.M.) from Georgetown University Law Center in Washington, D.C. and Juris Doctor, Cum Laude, from the Detroit College of Law at Michigan State University and a Bachelor of Arts in Accounting, with honor, from Michigan State University.