Bright!Tax US Expat Tax Blog

Reporting Foreign Rental Income on Property Abroad

Reporting Foreign Rental Income

US expats who live abroad make money in many different ways. Your employer in the US might offer you a position in another country or you may decide to travel and start your own business. Whether you’re freelancing or working for a traditional employer, you might also consider investing in property abroad. This could help […]

US Expat Tax Guide for Americans Working in Japan

tax guide Americans Japan

Japan. The land of sushi, Pokémon, incredibly fast bullet trains, and high-tech toilets that can even play music during your bathroom sessions. While the year is 2022, it feels like the Japanese are living in 3022.  Japan is also the country that tens of thousands of American expats call home. According to recent data, currently, […]

Can US Expats Collect Social Security Benefits? 

US expat social security

When it comes to US expat taxes, there’s a lot to handle. Expats must file various forms depending on their situation (such as the FBAR or Foreign Tax Credit) and comply with strict IRS deadlines.  Something that may go over the heads of US expats as they file their tax returns, however, is Social Security. […]

What is GILTI? What Expats Need to Know About IRS Form 8992

US expat researches, "What is GILTI" on his computer.

Living abroad as a US expat can open you up to new opportunities – particularly when it comes to your career. Depending on your future goals, you may even decide to go into business for yourself. If you do, it’s important to understand how forming your own foreign corporation can impact your taxes, particularly with […]

US Taxes in the Bahamas: What You Need to Know

Bahamas tax haven

Ahh…The Bahamas. With beautiful sandy beaches, turquoise waters, world-class nightlife and dining, what more could a sun-craving American ask for?  And on top of its gorgeous landscapes and relaxed lifestyle, the Bahamas is an attractive country for many expats due to its low taxes.  This blog post will cover what taxes US expats in the […]

Renouncing US Citizenship: A Guide for US Taxpayers Abroad 

Renouncing US Citizenship

It’s common for many Americans living overseas and grappling with annual US tax returns to consider renouncing US citizenship. While factors like taxation often play a significant role in the choice to renounce, many expats also find themselves caught between the obligation to file taxes and the lack of knowledge to navigate the system effectively.  […]

How to File Taxes for Self-Employed Expats: The Essentials

US expat researches how to report foreign self employment income.

Globally-minded US entrepreneurs, location-independent contractors overseas, and freelancers abroad are trailblazers with unique tax needs: To understand how to file taxes for self-employed expats. Before any self-employment taxes (sometimes referred to as “SE tax“) are filed though, you’ll want to ensure that your global US tax strategy is maximum efficient. To accomplish this, you’ll need […]