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.

Will Bitcoin Ever Be Regulated?

Will Bitcoin Ever Be Regulated?

This article was originally published by Albaron Ventures. As Bitcoin and other digital assets continue to grow in adoption and popularity, a common topic for discussion is whether the U.S. government, or any government for that matter, can exert control of its use.  There are two core issues that lay the foundation of the Bitcoin […]

Reprieve for Accidental Americans Facing Bank Account Closure

Reprieve for Accidental Americans Facing Bank Account Closure

While Americans living abroad have been required to file US taxes reporting their global income, since the Civil War, it is only the last few years that the US government has been able to enforce the requirement. Americans with foreign registered financial (i.e. bank or investment) accounts are also required to report them annually by […]

IRS Releases New Cryptocurrency Reporting Form 1040 Guidance

IRS Releases New Cryptocurrency Reporting Form 1040 Guidance

Following recent news that the IRS wrote to over 10,000 Americans (including expats) whom they believe hold Bitcoin or other virtual or cryptocurrency accounts informing them that they may owe tax, the IRS provided new guidance last week on how to report cryptocurrencies and in what circumstances they may be liable to taxation. Furthermore, the IRS […]

Do US Expats Pay Medicare Tax?

Do US Expats Pay Medicare Tax?

Expats often ask whether Americans are still required to pay Medicare Tax if they live abroad. In this article we delve deeper into some different scenarios where they may have to. General US tax rules for Americans living abroad The US requires all Americans to file US taxes every year, reporting their global income. This […]

US Expat Tax Filing: What Documents Do I Need? A Checklist

US Expat Tax Filing: What Documents Do I Need? A Checklist

All American citizens and Green Card holders are required to file a US federal tax return every year, reporting their global income, even if they live abroad. Americans may also have to report any foreign registered businesses, financial assets, and bank or investment accounts that they may have. Neither international tax treaties nor filing foreign […]

US Citizens Living Abroad and Taxes – A Guide

US Citizens Living Abroad and Taxes – A Guide

Confusion abounds around the topic of US citizens living abroad and taxes. In this article we’re going to clear up a few common misunderstandings and set the record straight. Do US citizens living abroad have to file US taxes? Yes. All US citizens, including those living abroad, who earn more than the Standard Deduction amount […]

New 2019 IRS Bitcoin Cryptocurrency Reporting Update

New 2019 IRS Bitcoin Cryptocurrency Reporting Update

In August 2019 the IRS is writing to 10,000 Americans, including expats, who have held or sold Bitcoin or other cryptocurrency holdings over the last few years, informing them that they may owe tax on their holdings. All Americans are required to file a US tax return, including Americans living abroad, reporting their worldwide income. […]