Bright!Tax US Expat Tax Blog

What is FATCA and Why It Matters for U.S. Citizens Abroad

Mature woman using an ATM and putting her credit card away, reflecting everyday financial activity impacted by FATCA.

If you’ve ever opened a bank account overseas and been hit with a million questions about your U.S. citizenship, you’ve met FATCA—whether you knew it or not. Short for the Foreign Account Tax Compliance Act, FATCA was born in 2010 when the U.S. government decided it really, really didn’t want to miss out on taxes […]

Filing Late? Use IRS Form 4868 to Request a Tax Extension

Individual working on tax paperwork and laptop, preparing to submit Form 4868 for a filing extension.

April 15 has a way of sneaking up on all of us. One minute you’re making New Year’s resolutions, and the next you’re staring down the tax deadline, wondering how it got here so fast. If your paperwork is still in limbo—or you’d simply like a little breathing room—the Internal Revenue Service has a safety […]