Bright!Tax US Expat Tax Blog

How Germany’s Corporate Tax Rate Affects Expats Doing Business

Berlin’s skyline at golden hour, representing the business hub where companies are affected by the Germany corporate tax rate.

Setting up a business in Germany looks straightforward—until you peek under the hood. There isn’t one “corporate tax rate,” there’s a stack: a national piece, a small add-on, and a local charge that shifts by city. For expats choosing between a GmbH and going solo, those layers matter. Pick the right postcode and structure, you […]

IRS Form 8621: Reporting PFICs and Foreign Investments as a U.S. Taxpayer

expat filing form 8621

If you’re investing internationally, you might not realize that some foreign assets come with extra IRS reporting requirements. Enter Form 8621—the form U.S. taxpayers must file when they own Passive Foreign Investment Companies (PFICs). PFICs can include foreign mutual funds, ETFs, and even certain foreign corporations. The IRS keeps a close watch on these investments, and failing […]

What Americans Living in Italy Need to Know in 2026

Sunset over Positano on the Amalfi Coast, capturing the romantic lifestyle enjoyed by many Americans living in Italy.

Ask any American who’s settled in Italy what brought them here and you’ll hear the same themes: slower days, long mornings at the café, Mediterranean rhythms, the art, the food, and a sense that life runs on a different clock here. Most Americans living in Italy fall into a few camps: remote workers escaping high-cost […]

FATCA and CRS Reporting: When Your Bank Talks to the IRS Before You Do

Close-up of a businesswoman using a magnifying glass to review financial documents, focusing on FATCA and CRS reporting requirements.

Once upon a time, moving your money overseas meant it could quietly stay overseas. In 2026? Your bank is practically CC’ing the IRS—and its international cousins—before you’ve even filed your own taxes. Thanks to FATCA (the Foreign Account Tax Compliance Act) and the Common Reporting Standard (CRS), global banking transparency isn’t optional anymore. Banks, investment […]

Form 14653: How U.S. Expats Can Catch Up on Back Taxes

Working by the waves, this digital nomad ensures her finances are in order by completing Form 14653.

Some IRS forms make your heart sink. This one might make it skip a beat—in a good way. Form 14653 isn’t just paperwork. It’s a strategic reset button for U.S. expats who’ve fallen behind on their taxes. No penalties, no drawn-out negotiations—just a shot at getting compliant under the Streamlined Foreign Offshore Procedures, as long […]