Webinar, April 7 – Taxes and Investing as a U.S. Expat in 2021, in Partnership with Dunhill Financial

Taxes and Investing as a US Expat in 2021 Webinar

Bright!Tax Partner Katelynn Minott will be joining Brian Dunhill, founder of Dunhill Financial, to provide advice for U.S. expats filing, investing, and retirement planning in 2021. The agenda will include guidance for filling taxes from abroad this year, investment considerations, IRAs, pensions and more. Brian Dunhill is a Financial Planner with a core emphasis on […]

Dual Citizen Needing US Tax Help? Here’s a Guide

Dual Citizen Needing US Tax Help Guide

Dual citizens, or dual nationals, are citizens of two different countries. Dual citizenship was prohibited in most countries in the nineteenth and early twentieth centuries, however the United States has allowed Americans to be dual citizens since 1967. Dual nationality is most often acquired either through parentage, or through naturalization (obtaining a second citizenship through […]

Filing US Back Taxes Late from Abroad

Filing US Back Taxes Late from Abroad

According to the IRS, round a million Americans are living abroad and not filing US taxes. (Would it help us to cite your source?) The requirement for Americans living abroad having to file US taxes on their global income was introduced way back during the Civil War, however it’s only in the last few years […]

Filing American Taxes While Living Abroad

Filing American Taxes While Living Abroad

The two most common reasons why Americans move abroad are for a career opportunity, or for romance. Moving abroad doesn’t mean stopping filing US taxes though, as the American tax system requires all Americans citizens and Green Card holders to report their worldwide income every year, whether they live in the States or overseas. Historically, […]

US Tax Guide for Americans Gifting to a Foreign Spouse

US Tax Guide for Americans Gifting to a Foreign Spouse

A gift to a foreign spouse (a Nonresident Alien or NRA spouse in IRS speak), can be an effective strategy for Americans living abroad to reduce their US tax bill. Americans living abroad married to a foreign spouse are required to file US taxes on their global income every year. This is true of all […]

Do Americans Have to Report Foreign Real Estate Under FATCA?

Do I Have to Report Foreign Real Estate Under FATCA?

All Americans have to file US taxes, reporting their global income, including Americans living abroad. Many Americans who live abroad (as well as many living in the US) own foreign real estate, and they often wonder whether it needs reporting on their American tax return, and if so how. All Americans who have certain foreign […]

Why Bright!Tax is the Best US Expat Tax Preparer

Why Bright!Tax is the Best US Expat Tax Preparer

The US requires all American citizens to file US taxes if their global income exceeds IRS minimum thresholds – including Americans living abroad. IRS thresholds start at just $5 for Americans who file separately to a foreign spouse, or just $400 of self-employment income. For all other Americans, the minimum income to trigger US filing […]

Tax Considerations for American Citizens Moving Back to the US

Tax Considerations for American Citizens Moving Back to the US

Over 9 million Americans live overseas, and every year the number is growing. Every year however, many Americans move back to the US, too. All American citizens are required to file US taxes, reporting their global income, including Americans living overseas. What happens when Americans move back to the US mid-year though? In this article we […]