01/15/2025
Living and working abroad is an incredibly exciting opportunity. Because the U.S. taxes based on citizenship though, Americans living in a foreign country such as Italy have to continue filing a federal U.S. tax return from abroad, while most also often being subject to a foreign tax regime in the country where they live, too. […]
02/04/2025
If you’re about to sell (or are considering selling) a substantial amount in assets, the capital gains tax is likely top of mind. While capital gains taxes can be complex in general, Americans living abroad must take additional factors into account. Failing to weigh the tax implications before carrying out a sale can take a […]
11/24/2021
There are an estimated 225,000 Americans living in the UK. Living in the UK is a fun and fascinating experience for all kinds of reasons – the accents, the culture and history, the people and the pubs, the countryside, and having Europe on your doorstep, to name but a few. As an American expatriate living […]
02/25/2023
This article was last updated in February 2023. There are a variety of different reasons that Americans living abroad participate in foreign pension plans. Some qualify for them after settling abroad permanently, some are granted them as part of their compensation for work done abroad. Regardless of where they live or how they came to […]
08/10/2020
Bright!Tax has been shortlisted for the prestigious FEM EMMA Tax Provider of the Year Award for the EMEA region. The Awards ceremony takes place on Friday November 9th at the O2 Intercontinental in London, England. For the last eight years, the EMMA Awards have recognized excellence and Innovation in the field of Global Mobility […]
03/10/2025
If you have a stake in a foreign partnership, you might have a new tax form on your hands: Form 8865. The Internal Revenue Service (IRS) requires certain U.S. citizens with foreign partnership interests to report their share of income, losses, and transactions. While it might not be the most exciting part of managing a business abroad, filing correctly is essential—missing it can […]
07/20/2020
When Americans move abroad, they are usually more focused on the adventure ahead than on getting to grips with US tax rules for expats. In fact, many assume that their foreign income is tax exempt. It’s counter-intuitive, in a way, that US expats are required to file US taxes from abroad, declaring their worldwide income. […]
07/20/2020
American expats are unfortunate in having to continue filing US taxes from abroad, often as well as filing a tax return in the country where they reside. Filing US taxes from abroad is more complex than filing from within the US though. For example, there are normally more forms to file, and there are also […]
05/10/2023
All Americans have to file an annual federal tax return, even if they live abroad. This is because the US taxes based on citizenship, rather than on residence, so if you’re a US citizen (or green card holder), you have to file US taxes reporting your worldwide income regardless of where in the world you […]
09/03/2020
Expats are required to file US taxes wherever in the world they live, reporting their worldwide income. While the tax treaties that the US has with around 100 other countries don’t mitigate this requirement, when expats file they are able to claim a number of exemptions such as the Foreign Tax Credit and the […]