01/15/2023
Taxes for expats tend to be complicated, especially for US expats. If you’re a US citizen living abroad with questions about what the expat tax filing requirements are, you’re not alone. Some expats aren’t even aware they need to continue filing US tax returns while living overseas. Expatriate tax is a complicated realm for Americans […]
12/01/2021
The Foreign Bank Account Report (FBAR) is filed using FinCen Form 114, though much about this US reporting requirement is misunderstood. In the following article, we dive into the essential elements of FinCEN Form 114, providing key background information, and detailing who must file and deadlines in 2024. Ensuring adherence to these regulations is key […]
11/25/2021
The Streamlined Filing Compliance Procedures (SLP) provides a light at the end of the tunnel for qualifying global US taxpayers seeking IRS amnesty from late-filing US tax penalties. As a US citizen or permanent resident living overseas, getting a handle on your tax responsibilities is essential. The program offers a streamlined process for expats to […]
09/30/2021
If you’re a US expat living abroad, you’ve likely heard FATCA used as a bad word. And to be frank, it can quite literally ruin someone’s day – it significantly complicates US taxpayers’ day-to-day life abroad. Some context: The Foreign Account Tax Compliance Act (FATCA), is a law passed by US Congress in 2010 to […]
09/10/2024
Recognizing the unique sacrifices made by those serving, Congress originally enacted the CZTE back in 1918 as a way to show appreciation and provide tangible support. It’s been a cornerstone of military tax benefits for decades, evolving over time to adapt to changing circumstances. The CZTE is a lifeline for many service members. With the pressures of deployment, from separation from loved ones to the inherent risks of the job, having a tax break offers some ease when it comes to financial burdens.
08/28/2024
These 11 strategies can help you legally minimize your US tax liability, take advantage of foreign tax credits, and make the most of available deductions and exclusions.
08/19/2024
At Bright!Tax, we understand that living abroad offers a golden opportunity to broaden one’s horizons, immerse in new cultures, and embrace life-changing experiences. This belief is at the heart of our Bright!Tax Global Scholar initiative, founded in 2016 to support exceptional young students pursuing academic and cultural growth overseas. Since its start nearly 10 years […]
08/14/2024
These 11 strategies can help you legally minimize your US tax liability, take advantage of foreign tax credits, and make the most of available deductions and exclusions.
08/07/2024
Healthcare is among the most important factors in determining quality of life. US expats with their hearts set on Europe, however, are in luck. The standard of care in Europe is excellent overall, with the continent home to 11 of the top 20 health systems in the world.
07/17/2024
Streamlined Procedure or Delinquent International Information Return Submission Procedures: Which is better for catching up on your taxes? Each program has its own benefits and eligibility criteria, so below, we’ve put together a high-level overview of the Streamlined Procedure and the DIIRSP. Read on to learn how these procedures can benefit you and which may be the better fit.
07/16/2024
Americans who earn above a certain threshold — even those living abroad — must file a federal tax return each year. While Americans living within the US must file their return by April 15th, US expats have a June 15 tax deadline. Fortunately, those who need extra time can request an extension. While the time […]
07/11/2024
As an H-1B holder, can you go after your entrepreneurial dreams in the US? Read on to learn how H-1B visa holders can start a business, what it takes to register one, how that will affect your taxes, and more.
07/11/2024
Learn when you’re subject to taxes in France as a US expat, how to file your US tax return, and what tax credits to claim & reduce your bill. This post has been created in collaboration with our trusted partner Géraud Nayral and his team from French Tax Online.
07/10/2024
No matter where they live, Americans who earn above a certain threshold must pay taxes they owe by April 15th and if they live abroad, file a tax return by June 15th (unless they’ve already requested an extension). But what happens if you miss the tax deadline? While it’s not an ideal situation, you don’t […]