02/22/2021
All Americans have to file US taxes, reporting their global income, including Americans living abroad. Many Americans who live abroad (as well as many living in the US) own foreign real estate, and they often wonder whether it needs reporting on their American tax return, and if so how. All Americans who have certain foreign […]
02/18/2021
The US requires all American citizens to file US taxes if their global income exceeds IRS minimum thresholds – including Americans living abroad. IRS thresholds start at just $5 for Americans who file separately to a foreign spouse, or just $400 of self-employment income. For all other Americans, the minimum income to trigger US filing […]
02/15/2021
Over 9 million Americans live overseas, and every year the number is growing. Every year however, many Americans move back to the US, too. All American citizens are required to file US taxes, reporting their global income, including Americans living overseas. What happens when Americans move back to the US mid-year though? In this article we […]
02/11/2021
The 2021 tax season opens on February 12, allowing Americans both in the States and abroad to start filing their year 2020 tax returns with the IRS. In this article we look at what Americans living abroad need to know ahead of filing their US taxes in 2021. Why do Americans abroad need to file […]
02/09/2021
This post was last updated March 27, 2023. According to World Population Review, Canada is second only to Mexico as the most preferred destination by American expats. Between Canadian friendliness and endless natural beauty, what’s not to love? For many Americans living in Canada, there’s an added bonus: proximity to the US. Considering these factors, […]
02/08/2021
With 2021 tax season starting this week, Bright!Tax has created a tax calendar for American expats filing US taxes from abroad this year. All Americans are required to file US taxes, including those living abroad, if their global income exceeds IRS minimums. IRS minimums start at $5 for Americans married filing separately to a foreign […]
02/04/2021
The 2021 Expats Virtual Financial Summit, which took place last week, has been declared an extraordinary success, according to a survey of the over 700 American expats who attended the four day online event. The summit consisted of nine talks that took place between January 26 to 29, each on a different topic relating to […]
02/01/2021
The IRS Relief Procedures for Certain Former Citizens was introduced in September 2019 to allow certain Americans to renounce their US citizenship without facing back taxes and penalties. The particular group the program was aimed at is known as ‘Accidental Americans’, meaning people who have the right to US citizenship through birth but who have […]
01/28/2021
Many of the nine million Americans who live abroad around the world are surprised to discover that they have to file US taxes to report their global income. By the time they realize this though, many are already behind with their US tax filing, often by several years. The reason that Americans abroad have to […]
01/21/2021
The IRS has announced that the date it will start accepting tax returns this year will be February 12. Tax season normally starts the second half of January, and February 12 will be the latest date that a tax season has started yet. The IRS said in a statement on January 15 that the late start […]