Bright!Tax US Expat Tax Blog

Taxes for US Expats – 2018 FBAR Filing Dates and Guidance

expat fbar date 2018

All American citizens and green card holders whose annual income exceeds $10,000, or just $400 of self-employment income, are required to file a US tax return every year reporting their worldwide income. Unlike most other countries, the US tax system doesn’t recognize Americans who live abroad as being any different to those who live stateside, […]

Can US Expats Receive IRS Tax Refunds?

expat with irs tax refund

Americans living abroad are subject to the same tax filing requirements as Americans living stateside. The requirement for expats to file an annual federal return declaring their worldwide income dates back to the Civil War, however it’s only since 2010 when the Foreign Account tax Compliance Act (FATCA) was passed that the IRS has been […]

FATCA Filing Requirements for American Expats Abroad

expat with fatca filing requirements

The Foreign Account Tax Compliance Act (FATCA) was signed into law in 2010 with the aim of cracking down on tax evasion to increase tax revenue following the financial crisis. FATCA contained two important measures that affect expats, a reporting requirement for expats who have financial assets abroad, and a reporting requirement for foreign banks […]

Adeel Mufti Wins Bright!Tax Global Scholar Award

adeel mufti

The Bright!Tax Awards Committee announced last week that Adeel Mufti is the latest recipient of the Bright!Tax Global Scholar award.   The Bright!Tax Global Scholar Award offers supplementary tuition fees support to exceptional young Americans who wish to study overseas. Adeel fought off over 300 other applicants in this Award round. The Bright!Tax Awards Committee […]