09/03/2020
Because all American citizens and green card holders are required to file a US tax return, reporting their worldwide income, the IRS provides a number of exemptions that can be claimed that help expats minimize (and most often eliminate entirely) their US tax liability. These exemptions must be claimed when expats file their federal […]
01/24/2025
Americans who move abroad are required to continue filing US taxes, reporting their worldwide income, wherever in the world they may live. The US is almost unique in having this requirement for expats to file. As expats may also have to pay taxes in the country where they live, the IRS has provided some exemptions, […]
09/03/2020
All Americans (including green card holders) are required to file a federal tax return each year, reporting their worldwide income, irrespective of where in the world they live. This requirement is almost unique to America (most countries tax based on whether you live or have income or assets in the country), and as it’s perhaps […]
09/03/2020
Brandon Fathy has been named as the latest Bright!Tax Global Scholar Award Winner. Thanks to Bright!Tax’ support, Brandon will be taking up a place at the University of Leicester in the UK to begin a PHD in Archeology in January. The Bright!Tax Global Scholar Program was set up in 2016 to provide opportunities for exceptional […]
09/03/2020
What is form 8858? The IRS requires US taxpayers who are owners of Foreign Disregarded Entities to file form 8858, Information Return of US Persons With Respect to Foreign Disregarded Entities. What is a Foreign Disregarded Entity? The IRS defines a Foreign Disregarded Entity (FDE) as “an entity that is not created or organized in […]
09/05/2020
It’s that time of year again when we start taking stock of 2018 and looking ahead to the holiday season and next year. For many expats, it makes sense to start getting their ducks in a row now, in terms of year-end tax planning , to avoid a last minute rush in December when they […]
07/20/2020
Of the more than nine million Americans who live overseas, many of them only discovered that they are required to file U.S. taxes from abroad, reporting their worldwide income, after they had moved. Millions of U.S. expats must also pay income tax in the country where they live, so the question arises of how to […]
09/03/2020
Millions of U.S. expats are dismayed when they discover that they are required to file U.S. taxes from abroad, reporting their worldwide income. Many expats quite reasonably assume that once they live abroad, they no longer have to file U.S. taxes, or perhaps that they are protected by a tax treaty, or some may have […]
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 […]