08/09/2018
Filing US taxes from abroad has been a requirement for American expats for around 150 years, however until recently it wasn’t a requirement that the IRS was able to enforce, so many expats didn’t bother. Since the 2010 Foreign Account Tax Compliance Act (often referred to as FATCA) however, the IRS now has access to […]
08/06/2018
Bright!Tax, the leading US expat tax services provider, established its Global Scholar Program in 2016 to help young Americans have the opportunity to study overseas. Awarded biannually, the program has since provided four exceptional young Americans with the opportunity to study abroad. Now, Colorado resident Addison Noel has become the fifth Bright!Tax Global Scholar, and […]
08/02/2018
Many of the around 9 million Americans living abroad are entrepreneurs, freelancers, and business owners. Those who travel between countries, working from high speed internet hubs rather than having a permanent home, are known as Digital Nomads. All Americans are required to file US taxes, wherever in the world they may be. While they always […]
07/30/2018
US expats are required to file US taxes, just like Americans living stateside. This is because America taxes based on citizenship, rather than on residence the way most countries do. Thankfully, the IRS has made several exemptions available that reduce or for most expats eliminate their US tax liability. The most common and effective of […]
07/26/2018
When American expats discover that they are required to file US taxes from abroad, the idea that they should have to file two tax returns, in the country where they reside as well as to the IRS, seems incredible. The US tax system has been this way since the Civil War though, requiring all Americans […]
07/23/2018
Around 9 million Americans live abroad. Many have military, diplomatic, or humanitarian roles, or are retired, but the majority are simply living and working overseas. Some have settled abroad permanently, others are on a temporary assignment overseas, however all US expats working expats need to know whether they are required to pay US tax on […]
07/20/2018
Quebec City is the seventh most popular destination city in the world for US expats, with an estimated 37,000 Americans living there.It’s easy to understand why. Quebec City is a great place to live. Its culture, booming economy, and great quality of live all serve to entice more Americans here than all but six other […]
07/16/2018
While living overseas is most often an incredible experience, American expats have to file US taxes from abroad, reporting their worldwide income, often as well as having to file taxes in the country where they reside. This is because, unlike most other countries, the US operates a citizenship based taxation system, meaning that all US […]
07/12/2018
announced that it is set to deny new passports to over 362,000 Americans whom it believes owe over $51,000 in unpaid US taxes, including interest and penalties. The ability to deny passports for unpaid taxes was made possible under a 2015 law called Fixing America’s Surface Transportation Act. Under the Act, the IRS passes names […]
07/05/2018
When campaigning, Donald Trump promised not just to lower taxes, but also to simplify the tax filing process. Last week, the IRS released the draft of a new form 1040 for consultation over the summer, with the final version due to be confirmed in the Autumn. In this article we look at what the changes […]