Bright!Tax US Expat Tax Blog

US Expat Taxes 2024: 12 Tips from the Best Expat Tax Service

Woman living overseas successfully files taxes for expats by partnering with Bright!Tax.

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 […]

FBAR Filing 2024: Clarifying FinCen Form 114 for Expats

US global taxpayer does his FBAR filing at a laptop in a cafe.

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 […]

Streamlined Filing Compliance Procedures (for Expat Amnesty)

US expat makes power pose after successfully catching up on taxes by partnering with Bright!Tax to complete the Streamlined Filing Compliance Procedures

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 […]

FATCA – Everything Expats Need to Know

FATCA Foreign Account Tax Compliance Act Guide for US Expats - Tax Professional

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 […]

When Do Expats Need a Tax Preparer? 9 Common Scenarios

A man sitting at a desk with paperwork

This year, almost three-quarters of Americans said they planned to file their own taxes — either manually or with the help of tax preparation software. In some cases, this makes sense. If all of your income is W-2 income, you hold minimal assets, and you don’t mind putting in the effort, filing on your own […]

Tax Guide for Expat LLC Owners: What You Need to Know

Filing taxes for LLC for expats

If you want to start a limited liability company (LLC) based in the United States while living abroad — or have just done so — you probably have questions about how taxes work. While filing taxes as an expat LLC owner can be complicated, it’s often well worth the effort. When you open an LLC, […]

Retire in Italy: Visas, Healthcare, Taxes, & More

Wonderful Italian landscape

From delicious cuisine to the affordable cost of living, laid-back pace of life, and rich culture, there are many reasons Americans may want to retire in Italy. Fortunately for retirees — or anyone with enough passive income — a dedicated visa puts that goal well within reach. We’ve rounded up some of the most pertinent […]

Moving to France from the US: An Expat Guide

a street in a small French town

Whether due to professional opportunities, a partner, or a desire to improve their French, many Americans dream of moving to France. Fortunately, there are many ways to move to this beautiful, culturally rich country. As a tax firm dedicated to expats with employees distributed worldwide, we know the intricacies of making a global move. Below, […]

What Is a Reasonable Owner Salary for an S Corp?

US expat counting hundred-dollar bills in preparation for sending large sums of money overseas.

It’s one of the most common questions among those evaluating business structures: What is a reasonable owner salary for an S corp? Knowing what a reasonable salary is — and how to determine one — is essential to reaping the benefits of S corp status. In the right circumstances, those benefits can be significant. Forming […]