Expat Tax Information

All American citizens and green card holders who earn over $12,000 (or just $400 of self-employment income are required to file a US tax return every year, reporting their worldwide income, wherever in the world they live.

Tax Filing for US Expats

Bright!Tax is the recognized leader in US tax preparation for Americans living abroad. We take the hassle out of staying compliant, while you enjoy the incredible adventure of being an expat.

Does the IRS Tax Overseas Income?

Does the IRS Tax Overseas Income

Many Americans living abroad have heard of an IRS tax exemption for overseas income, so they assume that don’t have to file a US tax return from abroad if their income is sourced overseas. The truth, however, isn’t as straightforward. While it’s true that there’s an IRS exemption available for overseas income, it has certain […]

How to File US Taxes Overseas

How to File US Taxes Overseas

Filing US taxes overseas is typically necessary for all Americans who live outside the United States around the world. This is because the US taxes its citizens on their worldwide income, wherever in the world they may live. Unfortunately, international tax treaties don’t mitigate the requirement for American expats to file from overseas, even if […]

How to File Form 1040-NR for Non-Resident Aliens

How to File Form 1040-NR for Non-Resident Aliens

The US tax system is different to other countries, firstly because it is citizenship-based rather than residence-based, and secondly because the US has global financial reach. Being citizenship-based means that all US citizens and Green Card holders have to file a US tax return every year, and report their total global income, no matter where […]

What’s in Biden’s Proposed 2022 Budget for Expats?

What’s in Biden’s Proposed 2022 Budget for Expats

On Friday May 28, the White House sent its fiscal year 2022 budget request to Congress. The headlines are calling it a $6 trillion budget, however the eye-watering $6 trillion figure covers proposed spending for the next decade, rather than just for 2022. Furthermore, the budget contains the two domestic proposals that have already been announced […]

Does the US Tax Foreign Mutual Funds?

Does the US Tax Foreign Mutual Funds

A mutual fund is a financial vehicle that allows a group of investors to pool their money to invest in stocks, bonds, and other funds. The advantage of investing in a mutual fund is that by pooling you obtain the benefits of larger investors, such as diversifying your investments and paying lower fees for expert […]