01/31/2019
Americans who live abroad are required to continue filing a federal tax return each year, reporting their worldwide income, even if they’re also filing a tax return in the country where they’re living. When expats file their federal return they can claim one or more exemptions that the IRS has made available by filing the […]
01/24/2019
The current federal government shutdown began on midnight of 22nd December 2018, exactly a year after President Trump signed his Tax Return act into law. While government shutdowns aren’t too much of a novelty any more, at over a month the current one has gone on for longer than any other previously (the previous record […]
01/21/2019
With 2019 US tax filing season here again, in this article we take a look at everything that US expats need to know, including requirements, deadlines, rules changes, and the new form 1040. When can expats start filing? All American citizens, along with green card holders, are required to file US taxes every year, reporting […]
01/07/2019
Americans living abroad are required to file US taxes, reporting their worldwide income. To avoid paying any US taxes when they file, expats can claim one or more exemptions that the IRS has made available. There are also additional reporting requirements for US expats, notably reporting their foreign financial accounts annually by filing a […]
01/03/2019
In the final few hours before the US government closed for the 2018 Christmas holiday, Congressman George Holding of North Carolina delivered the Tax Fairness For Americans Abroad Act of 2018 (H.R. 7358), aimed at alleviating the issue of American citizens who live abroad (expats) having to file US taxes on their worldwide income as […]
12/31/2018
Happy new year from the team at Bright!Tax! What’s new at Bright!Tax 2018 was another exciting year for Bright!Tax, as we continued to grow, hone our client experience, and win further recognition for our services, notably when we were named Highly Commended in the Tax Provider of the Year category in the London FEM EMMA […]
12/20/2018
President Trump has announced that he is preparing an executive order to end the US policy of birthright citizenship, meaning children born in the US to foreign parents will no longer automatically be granted US citizenship. American citizenship comes with benefits, but also obligations, including having to file US taxes on their worldwide income for […]
12/17/2018
Allows American expats and Digital Nomads who work from home to deduct the legitimate expenses related to their work space when they file their US tax return. All Americans are required to file a US federal tax return, reporting their worldwide income, wherever in the world they may be, if they earn a total of […]
12/13/2018
Following the closure of the OVDP (Offshore Voluntary Disclosure Program) back in September 2018, the IRS has now announced details for the replacement process. What is (or was) the OVDP? All Americans are required to file US taxes, regardless of where in the world they live, reporting their worldwide income. To avoid paying US taxes, […]
12/10/2018
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 […]