For over a century, Americans living overseas have been stuck in a tax nightmare that makes “Groundhog Day” look like a dream. Since the Civil War era, the U.S. has taxed citizens based on citizenship, not residency, a system shared only by on...
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How Residency Based Taxation Could Finally Give Americans Abroad a Break
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Subscribe06 OCT 2025 / ACCOUNTING & TAXES
CPE Approved
Former IRS leaders Charles Rettig and Tom Cullinan, among others, are advocating for a shift from citizenship-based taxation (CBT) to residency-based taxation (RBT) for American expatriates. The move, supported by a proposed bill, would reduce double-taxation and unnecessary financial burdens experienced by the nearly nine million Americans living abroad, if they can certify five years of US tax compliance and prove foreign residency.
For over a century, Americans living overseas have been stuck in a tax nightmare that makes “Groundhog Day” look like a dream. Since the Civil War era, the U.S. has taxed citizens based on citizenship, not residency, a system shared only by on...
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