05/06/2021
The IRS got off to a slow start to 2021, with a late announcement of a late start to tax season, and the pattern has continued since. The reasons are perhaps understandable, in that there have been two new rounds of stimulus checks to distribute at short notice, and continued disruption due to the pandemic. […]
05/03/2021
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 […]
04/29/2021
Americans living abroad still have to file US taxes, even if they have to file foreign taxes too. This is because the US taxes based on citizenship and regardless of residence. As a result, expats have to file a US federal tax return every year reporting their worldwide income. To avoid US taxation on their […]
04/26/2021
Bright!Tax is proud to be participating in a free-to-attend webinar for Americans living overseas hosted by The American magazine and covering US expat tax filing updates in 2021. American Citizens Abroad (ACA) legal council Charles Bruce will also be participating to provide an update on ACA’s work in Washington on behalf of expats. The webinar […]
04/22/2021
Over nine million US citizens are living abroad, including US military and diplomatic staff. According to US law, all of them who meet minimum IRS income requirements have to file a US tax return every year, reporting their worldwide income. Neither international tax treaties, nor where their income is sourced, nor whether US citizens living […]
04/19/2021
Many American expats assume that living abroad, or perhaps a tax treaty, exempts them from filing US taxes from overseas, so they are surprised to discover that the US requires all American citizens and Green Card Holders to report their worldwide income and that they still have to file. Many expats realize this after already […]
04/15/2021
All American citizens, including those living abroad, are required to file a US federal tax return every year reporting their worldwide income. Neither international tax treaties, nor any foreign tax filing requirement, mitigate the requirement for American expats to file a US federal tax return. To avoid double taxation, expats can claim provisions such as […]
04/12/2021
One of the long-term legacies of the Covid pandemic is forecast to be a widespread transition to remote working. Combined with a pent-up appetite for international travel, this is likely to mean that the next couple of years will bring a surge of interest in working remotely from abroad. Whether pursuing a dream to live […]
04/08/2021
Americans living abroad have to file US taxes, reporting all of their worldwide income, regardless where in the world they are or where their income originates or is paid. Many expats struggle to understand this requirement, especially seeing as most other countries only tax residents and income accrued in the country. The US tax system […]
04/05/2021