08/10/2020
You may already know that Americans who own rental property in the United States can claim depreciation to reduce their tax liability. What you may not realize, though, is that US expats can also claim depreciation on rental property based abroad. While foreign rental property depreciation has some unique nuances, we’re here to walk you […]
07/20/2020
The over 9 million Americans who live overseas are natural adventurers, and ambassadors for their country. While living far from the land of your birth presents challenges as well as adventures, thankfully in the age of more or less global internet coverage, there are many resources that expats can take advantage of to find information […]
07/09/2020
The most frequent reasons that Americans move abroad are for a relationship, a career opportunity, or out of a sense of adventure. While living abroad is always an adventure, Americans moving abroad are required to continue filing US taxes. Filing from abroad is more complex than filing from the US though, as expats often have […]
07/06/2020
The IRS has released its latest Data Book, covering the period from October 1st 2018 to September 30th 2019. The 2019 Data Book reveals some interesting information about – and for – Americans living abroad. Taxes for Expats 101 The US has been taxing all American citizens worldwide since the Civil War, however it’s only […]
06/18/2020
Bright!Tax, The American Magazine, AARO, and Monte Silver invite you to a webinar covering last minute updates and frequently asked questions for the upcoming July 15th, 2020 US tax filing deadline. The American Magazine, first published in 1976, is the premier magazine for US expats in the UK. AARO is a leading US expat advocacy […]
06/15/2020
Living abroad is in many ways a pleasure and a privilege, however for American expats the experience is slightly marred by having to continue filing US taxes. This is because the US taxes based on citizenship, so all US expats (who meet minimum income requirements) have to file, reporting their worldwide income, even if they […]
06/04/2020
The IRS has announced that it will start accepting electronically filed amended tax returns this summer. Up until now, amended tax returns have had to be filed on paper by post, meaning a long processing time of 6-8 weeks under normal conditions (and probably longer in 2020, due to a reduced service during the Coronavirus […]
05/21/2020
Serving your country overseas comes with its share of challenges, but one you might not expect is navigating the complex world of US taxes. As a member of the US military deployed abroad — one of thousands of Americans working as military personnel supporting US armed forces in combat zones abroad — you’re still required […]
05/14/2020
American expats have to differentiate between US and foreign source income when they file their US taxes. All Americans, including Americans living abroad, have to file US taxes, due to the fact that the US taxes based on citizenship. American expats also have to report their foreign registered businesses, and financial (i.e. bank and investment) accounts and […]
04/23/2020
Many Americans living abroad get the opportunity to acquire foreign investments at some point in their fiscal journey. While investing in financial vehicles outside of the US can play an important role in diversifying your portfolio and aligning your investment strategy to the economy of your host country, it’s important to understand how foreign holdings […]