07/15/2021
US expats who receive income from investments may have to pay an additional US tax called Net Investment Income Tax, or NIIT. The amount of the NIIT is calculated on Form 8960. What is NIIT? NIIT is an additional US income tax applied to whichever is smaller of your net investment income or your Modified Adjusted […]
07/01/2021
While in much of the States life has returned to normal, in many other countries it hasn’t yet, meaning celebrating the 4th of July in 2021 for Americans expats may require imagination and improvisation for a second year running. Being resourceful comes with the territory for expats though, and wherever you are there’s bound to […]
06/24/2021
The Bright!Tax Awards Committee is proud to announce that Calev Isaacson is the latest recipient of the Global Scholar Award. The Awards Committee found Calev’s story and ambitions inspirational. He grew up in Arizona, where his father’s family had emigrated to from war-torn Europe in the 1940s. His mother’s family meanwhile were originally Mexican. Calev […]
06/21/2021
Retirement abroad is more popular than ever, as the world has become more connected online, making managing finances and keeping in touch with family and friends from abroad easier. The desire to travel meanwhile has been amplified by the pandemic. The top considerations when considering where to retire overseas are cost of living, healthcare, quality […]
05/22/2021
AARO, US tax attorney Monte Silver, and Bright!Tax invite you to a webinar covering updates for filing in 2021 for both individuals and business owners. The webinar will also cover Covid relief, the new Child Tax Credit, and expected changes to the tax law this year such as estate tax and corporate/GILTI tax rates. The webinar is for American citizens […]
04/26/2021
Bright!Tax is proud to be participating in a free-to-attend webinar for Americans living overseas hosted by The American magazine and covering US expat tax filing updates in 2021. American Citizens Abroad (ACA) legal council Charles Bruce will also be participating to provide an update on ACA’s work in Washington on behalf of expats. The webinar […]
04/05/2021
03/29/2021
2021 is set to be another year of change in US taxes, with the Coronavirus pandemic still affecting both government and citizens, and the new administration planning significant law changes. The IRS is investing in a year-long revamp of its IT systems, including Medicare and FATCA (more about FATCA later), as well. In this article, we […]
03/18/2021
Adjusting to living abroad takes planning, especially when it comes to your finances and health. Healthcare and health insurance, in particular, come with their own challenges abroad. In this article, experts from International Citizens Insurance share the most common insurance challenges and solutions for American expats. Challenges of Local healthcare abroad Healthcare in the United States ranks as one […]
03/18/2021
(Article contributed by Jason Landrum a OFX International Money Transfers.) In today’s international job market, global mobility has allowed Americans to move around the world. The ability to work from a beach bungalow or a mountain retreat is an appealing notion. And, for many, living abroad can only be possible with “money mobility.” Whether you’re […]