American Expat Tax News

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.

The IRS Agency 2022 Annual Report: Implications for Expats

Every year, the IRS publishes an Annual Report. This report functions as a report card of sorts, dutifully noting its accomplishments and challenges.  In 2022, the IRS collected over $4.9 trillion in gross revenue to fund much of the federal government. These funds go to supporting federal infrastructures, including our national parks, air traffic control, […]

Form 1099-K: Everything US Expats Need to Know

Last updated on January 26, 2023 If you work as a freelancer, independent contractor, gig worker, or are otherwise self-employed, the phrase “1099 form” is almost certainly familiar to you. That’s because any client from whom you’ve received at least $600 is obligated to send you a 1099-NEC, a tax form that is used to […]

Expert advice: Dealing with the IRS backlog & its impact on expats

IRS backlog impact expats

COVID-19 shook the world – and many governmental processes, such as managing tax returns, were disrupted as a result. During last year’s US tax filing season, hundreds of thousands of taxpayers experienced delays in refunds, due to IRS staffing issues and pandemic-related slowdowns. In January of this year, the IRS warned taxpayers to file early […]

Key Takeaways From the 2022 TIGTA Report

2022 TIGTA Report

It’s already been 12 years since congress introduced the Foreign Account Tax Compliance Act (FATCA). Whew, time goes fast, doesn’t it?  The federal law requires that participating countries report the financial activities of US citizens on their soil. And after an in-depth review of how FATCA has held up, the Treasury Inspector General for Tax […]

Inflation: What US Expats Can Expect During Their Return

US expats inflation

Home is where the heart is, they say. Even as you’re sipping a margarita on the beaches of Cancun or taking those cheesy selfies at the Eiffel tower, sometimes, you just miss the good ol’ US of A.  However, if you’ve been living overseas and haven’t returned in a while, you may get some surprises […]