Self Employment and Social Security Taxes for US Expats

Self Employment and Social Security Taxes for US Expats

All Americans are required to file US taxes reporting their worldwide income, even if they live abroad. The IRS has provided a number of exemptions, notably the Foreign Earned Income Exclusion and the Foreign Tax Credit, that US expats can claim when they file that for most people mean they won’t end up paying any […]

FinCEN Form 114 vs IRS Form 8938 – What Expats Need to Know

FinCEN Form 114 vs IRS Form 8938 – What Expats Need to Know

All Americans have to file US taxes, reporting their global income. Expat Americans also often have to file additional reporting forms. Many expats aren’t aware though what exactly these additional reporting requirements involve, and in particular the difference between FBAR and FATCA reporting, or Form 114 vs 8938. In this article we’ll attempt to alleviate […]

How Technology is Helping American Expats File U.S. Taxes

How Technology is Helping American Expats File U.S. Taxes

(Contributed by Emmy Carson.) Tax season doesn’t come easy to the regular American — but even more so for American expats. With CNBC revealing that over 9 million U.S. citizens live overseas, these expats have to go through a lot of additional reporting and filing of documents that their domestic counterparts get to skip. This is […]

Taxes for Expats – The US – Italy Tax Treaty

Taxes for Expats – The US – Italy Tax Treaty

The US – Italy tax treaty was first signed in 1984, then replaced in 1999, although it was only fully ratified in 2009. It covers how dividends and certain other types of income are treated, and allows tax information sharing between the two countries. The purpose of the treaty is to prevent double taxation for Americans living […]

Choosing an Expat Tax CPA – Everything You Need to Know

Choosing an Expat Tax CPA – Everything You Need to Know

Americans living abroad are still required to file a US tax return, reporting their worldwide income. This is true for expats who file foreign taxes too, and regardless of whether there’s a Tax Treaty between the US and the country of residence. Filing a US tax return as an expat from abroad is more complex […]

What’s New With US Expat Taxes in 2020?

What’s New With US Expat Taxes in 2020?

2019 was another year of innovation and expansion for Bright!Tax, as we continue to evolve to ensure that our clients find filing US taxes from overseas as easy and intuitive an experience as possible. So, what’s new with US taxes for expats in 2020? Deadlines and extensions IRS deadlines in 2020 are the same as […]