05/26/2020
The IRS has found an innovative answer to the question of how to deliver Coronavirus Relief Stimulus Payments to Americans, including expats, who haven’t provided details of a US bank account, in the form of a prepaid debit card. The Stimulus Payments, referred to as Economic Impact Payments (or EIPs by the IRS), were made available […]
05/21/2020
Serving your country overseas comes with its share of challenges, but one you might not expect is navigating the complex world of US taxes. As a member of the US military deployed abroad — one of thousands of Americans working as military personnel supporting US armed forces in combat zones abroad — you’re still required […]
05/18/2020
Expats were included in the provision for Americans to receive Stimulus Payments in the Coronavirus relief CARES Act that became law on March 27th. The Stimulus Payments are worth a maximum of $1,200 per adult, and $500 per dependent child. Spouses and dependants need to have a US social security number to qualify for the additional […]
05/14/2020
American expats have to differentiate between US and foreign source income when they file their US taxes. All Americans, including Americans living abroad, have to file US taxes, due to the fact that the US taxes based on citizenship. American expats also have to report their foreign registered businesses, and financial (i.e. bank and investment) accounts and […]
05/12/2020
Stimulus Payments for Americans, including expats, were announced as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, passed on March 27th. The purpose of the Stimulus Payments is to provide financial assistance to Americans impacted by the Coronavirus outbreak. As of Friday May 8th, the IRS had sent 595,548 CARES Act Stimulus Payments to […]
05/05/2020
The IRS introduced the Get My Payment tool in mid April to allow Americans to provide their US bank details and so receive a stimulus check by direct deposit rather than a mailed check. The tool is applicable for Americans who haven’t provided their US bank details in their 2018 or 2019 tax returns, and […]
05/04/2020
The CARES (Coronavirus Aid, Relief and Economic Security) Act provides a one-time Stimulus Payment to Americans, including expats, based on certain criteria. The payment is intended to help those whose incomes have been affected by the Coronavirus outbreak and the measures implemented by governments to limit its spread. In this article we look at how […]
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 […]