07/02/2020
All Americans whose global income exceeds the IRS minimum thresholds have to file a US federal tax return each year, including expats. Minimum filing thresholds can be low, for example just $400 of self-employment income, or just $5 for Americans who file separately from their spouse, such many US expats married to a foreigner. Expats […]
06/29/2020
The US – Switzerland tax treaty was signed in 1996, with an additional protocol added in 2009. The purpose of the treaty is to prevent double taxation for Americans living in Switzerland and Swiss living in the US, however it doesn’t prevent US citizens living in Switzerland from having to file US taxes. US taxes for expats in […]
06/25/2020
Leading US tax attorney Monte Silver has been locked in a legal action with the IRS for over a year, in defense of American expats with a small business registered abroad. All American citizens, including expats, are required to file US taxes every year, reporting their worldwide income and their offshore financial accounts and businesses. […]
06/22/2020
David Miller is the first recipient of the Bright!Tax Global Scholar Award in 2020. Bright!Tax is the leading provider of US tax services for Americans living abroad. With expat clients in over 190 countries, Bright!Tax is keenly aware of the benefits of living abroad, and how the over 9 million US expats are both the new American […]
06/18/2020
Bright!Tax, The American Magazine, AARO, and Monte Silver invite you to a webinar covering last minute updates and frequently asked questions for the upcoming July 15th, 2020 US tax filing deadline. The American Magazine, first published in 1976, is the premier magazine for US expats in the UK. AARO is a leading US expat advocacy […]
06/15/2020
Living abroad is in many ways a pleasure and a privilege, however for American expats the experience is slightly marred by having to continue filing US taxes. This is because the US taxes based on citizenship, so all US expats (who meet minimum income requirements) have to file, reporting their worldwide income, even if they […]
06/11/2020
Nine million Americans live abroad, and expats employed by foreign firms in particular, often have foreign retirement accounts. Because the US tax system is based on citizenship, all US citizens, including expats, have to file a tax return to the IRS every year, reporting their worldwide income and assets. Foreign retirement plans often have tax benefits […]
06/08/2020
Update 7/29/20 – Second Round of Stimulus Checks for Expats Announced – read more here. In May, the House of Representatives passed the HEROES (Health and Economic Recovery Omnibus Emergency Solutions) Act, a second relief package, following March’s CARES (Coronavirus Aid, Relief and Economic Security) Act. As with CARES, HEROES contains the provision for a stimulus […]
06/04/2020
The IRS has announced that it will start accepting electronically filed amended tax returns this summer. Up until now, amended tax returns have had to be filed on paper by post, meaning a long processing time of 6-8 weeks under normal conditions (and probably longer in 2020, due to a reduced service during the Coronavirus […]
06/01/2020
The US – Australia tax treaty was signed in 1982, with an additional protocol added in 2001. The purpose of the treaty is to prevent double taxation for Americans living in Australia and Australians living in the US, however it doesn’t prevent US citizens living in Australia from having to file US taxes. US taxes for expats in […]