04/23/2020
Many Americans living abroad get the opportunity to acquire foreign investments at some point in their fiscal journey. While investing in financial vehicles outside of the US can play an important role in diversifying your portfolio and aligning your investment strategy to the economy of your host country, it’s important to understand how foreign holdings […]
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 […]
04/01/2020
Bright!Tax, AARO, and Monte Silver invite you to a webinar on the Coronavirus Relief Act (CARES) and how Americans abroad can receive the monetary relief it offers. This webinar with cover the Coronavirus Stimulus Act and how Americans abroad receive monetary relief from it. It will also discuss 2019 filing and payment extensions granted by […]
04/01/2020
On Friday 27th March, the CARES (Coronavirus Aid, Relief and Economic Security) Act became law. The CARES Act is intended to provide economic assistance and stimulus to American businesses and individuals – including expats – affected by the 2020 global Coronavirus pandemic. Among the measures contained in the stimulus is the provision of a Recovery […]
03/27/2020
It’s often said that the over 9 million Americans living overseas get a rough deal with the IRS, as it places numerous US tax and reporting requirements on US citizens abroad. Today though, Congress passed the CARES (Coronavirus Aid, Relief and Economic Security) Act, which brings important and positive news for US expats around the […]