04/30/2020
US expats are required to file a US tax return, reporting their worldwide income, wherever in the world they live. The Foreign Earned Income Exclusion is an IRS provision that expats can claim that helps them reduce their US tax bill, often to zero, when they file from abroad. This year though, due to the […]
04/29/2020
Bright!Tax, AARO, and Monte Silver invite you to a webinar covering updates and frequently asked questions on the Coronavirus Relief for American individual expats and expat small business owners. Two of the world’s leading US expat tax authorities, Bright!Tax Managing CPA and Partner Katelynn Minott, and world-famous US tax attorney Monte Silver, present. The webinar […]
04/27/2020
The CARES Act was passed in late March to provide assistance to American individuals and businesses negatively affected by the Coronavirus pandemic. In the Act, assistance was granted to American individuals, including expats, in the form of a one-time stimulus payment. The maximum value of the payment is $1,200 per adult (so $2,400 for married […]
04/23/2020
All American citizens are required to file US taxes, including Americans living abroad. This is because the US taxes based on citizenship, rather than on residence. US filing and reporting requirements for expats are in fact more extensive and complex than those for Americans living in the States. This is due to several laws that have been […]
04/20/2020
The IRS has launched two new online tools for expats to provide their US bank details so that they can receive their stimulus check by direct deposit rather than by mail. It’s imperative that expats understand which tool is the right one for them based on their situation – and many expats shouldn’t use either. […]
04/15/2020
The IRS has launched a new online tool called Get My Payment that allows expats who are eligible to receive a stimulus (economic impact) payment to provide their bank account details and so receive their payment by direct deposit. The tool is welcome news for expats who may otherwise have to wait weeks or more […]
04/13/2020
With stimulus payments starting to go out this week, the IRS has launched an online tool allowing Americans who don’t need to file a US tax return to provide their bank details and so receive their stimulus payment more quickly. The tool was set up in partnership with the Free File Alliance, and is based […]
04/13/2020
The Coronavirus Aid, Relief and Economic Security (CARES) Act that became law on March 27th 2020 provides a one off stimulus payment for Americans, including expats, who meet certain conditions. The purpose of the payment is to help alleviate the financial hit most Americans are realizing due to the Coronavirus outbreak. The CARES Act contains […]
04/06/2020
Rumors swirl regarding US expats’ US filing obligations, some of which are true, and many of which aren’t. In this article we’ll separate the facts from the fiction. So without further ado, here are the top 20 things that you need to know about US expatriate taxation. 1 – Expats have to file The American […]
04/03/2020
As part of the 2020 Coronavirus Aid, Relief and Economic Security (CARES) Act, also referred to as the stimulus package, passed on March 27th, the US government has granted economic impact payments (referred to in the Act as Recovery Rebates) to all Americans who meet the criteria, including expats. In the days since the Act […]