01/06/2022
Living abroad is an adventure and a privilege. At Bright!Tax, we are expats too – our team members are based in over 30 countries! This gives us a unique insight into the experience and challenges of living overseas that lets us better serve our American expat clients. Lots is happening here at Bright!Tax. Our team […]
01/03/2022
Over a million Americans have retired abroad, and millions more aspire to. The most common benefits include a better climate, affordable healthcare, and a better standard of living on retirement income. The most popular destination for Americans retiring abroad is Mexico, due to the twin appeals of its proximity and affordability. Many folks move there […]
01/01/2022
Americans who move abroad are required to continue filing US taxes, reporting their worldwide income. This means that American citizens abroad often have to file two tax returns. The tax treaties that the US has with around 100 other countries don’t mitigate the risk of double taxation either, as they contain a ‘saving clause’ meaning […]
12/16/2021
The Bright!Tax Awards Committee is proud to announce that Natalie Heath has become the twelfth recipient of the Bright!Tax Global Scholar Award. The Award is a biannual scholarship for ambitious, inspirational young Americans who are studying overseas. Bright!Tax is the leading provider of US tax services for the 10 million Americans living abroad. Bright!Tax founder […]
12/09/2021
If you have not heard of the Foreign Earned Income Exclusion (FEIE) and are a US taxpayer residing in a foreign country, you’re in for a treat. Sometimes colloquially referred to as the foreign earned tax exclusion, the FEIE is an essential IRS tax provision and is one of the top two most valuable tax breaks […]
12/01/2021
Considerations around taxes in Colombia for foreigners are hardly top of mind when expats move there — and between its beautiful beaches, friendly people, and affordable cost of living, it’s not hard to see why. Of course, taxes are an inescapable part of life for everyone, but especially US citizens and permanent residents. Before moving, […]
12/01/2021
The Foreign Bank Account Report (FBAR) is filed using FinCen Form 114, though much about this US reporting requirement is misunderstood. In the following article, we dive into the essential elements of FinCEN Form 114, providing key background information, and detailing who must file and deadlines in 2024. Ensuring adherence to these regulations is key […]
11/30/2021
While living in Portugal can seem like a dream — the gorgeous beaches, the pleasant climate, the rich culture — it’s important to consider practical matters, too. Given how much it can impact your finances, one of the chief items worth looking into is taxes in Portugal for expats. In addition to being subject to […]
11/30/2021
Whether you’re drawn to Taiwan because of its rich culture, subtropical climate, affordable cost of living, or soon-to-be-launched digital nomad visa, taxes in this country probably aren’t the first thing you think about when planning your new life abroad. Nonetheless, they’re important to consider because, after all, planning for taxes now can help ensure an […]
11/30/2021
Imagine waking up to the breathtaking view of Norwegian fjords, hitting the slopes for some world-class skiing, and enjoying top-notch public services without breaking the bank. Well, for about 9,000 Americans, this is their everyday reality in Norway! But here’s the twist. Even as you’re living your best Norwegian life, as a US citizen or […]