Tax Planning & Advice

It’s not uncommon for US citizenship to pose difficulties for US citizens living abroad, particularly when they’ve lived abroad long term. While US citizenship grants certain privileges, such as the right to vote in federal elections and a US passport, it also carries with it certain burdensome obligations.  Among the most pressing concerns for Americans […]

Getting ready to move to the Great White North? In addition to finding housing and physically moving yourself and your belongings, you’ll want to consider the tax implications of a move to Canada. A common question that often guides these considerations is a side-by-side comparison between the Canada tax rate vs the US tax rate. […]

As an expat, the US Social Security benefits you’ll be eligible for at retirement may be lower than the standard benefits an average American will receive for a variety of reasons.  And when you throw foreign pensions and foreign social security programs and their implications for your US benefit into the mix, it can be […]

As an American expat, balancing your adventurous life with the practicalities of tax season is crucial. As 2025 unfolds, Bright!Tax is here to simplify the US tax process for you. This guide is your essential companion for the 2024 tax season, packed with all the key dates and insights to navigate your tax responsibilities with […]

There are times in life when family members exchange generous gifts with one another, such as during weddings, estate planning, or celebrations of life. However, while the focus may be on the act of giving or receiving foreign property, it is important to be aware of the tax implications that come along with it. These […]

United States Expats: Did you receive your three COVID-19 stimulus payments from the IRS? If not, you could be eligible to claim up to $3,400, but you need to act soon. Important context: The stimulus checks relate to the federal government’s initiative to offer some financial relief to individuals and families in the wake of […]

It may be a toy for a niece you’re doting on. A handbag for a special someone. Or a gift certificate for your child.  And other times, it may be a ranch in Texas or a beach bungalow in Hawaii that you plan to gift to your foreign spouse. Whatever it is, that happy season […]

If you are a US citizen living abroad, you will need to file your income tax return on Form 1040 based on your worldwide income.  And to file this, you’ll usually need a Social Security Number (SSN). An SSN is the most common type of tax identification number. But hold on. What happens if you […]

If you work for a US contractor abroad, taxes can be confusing. Regardless of where they live, those with overseas contractor jobs will need to file a US tax return — but they may need to file taxes in their country of residence as well. But with a little bit of research and organization, you’ll […]