09/03/2020
“FATCA was created in part because of the fear of the United States government that the globalization of finance would give far more people the opportunity to hide their money. It was becoming very clear that it wasn’t going to be just the very wealthy, but that it could really be the middle class and […]
01/29/2025
American expats can live incredible lives, and often have incredible stories to tell. Kristen Evelyn Rossi is a jazz singer on a mission to spread the Golden Age of Broadway / Jazz throughout Asia. The following is an excerpt from ‘Falling in Love at the Metropole Hanoi’ in Global Living Magazine. Born on Long Island, […]
08/10/2020
Had enough of filing and paying US income taxes? Have you thought about moving beyond all the hassle and yearly effort just to remain compliant with US taxes and regulations by giving up your US citizenship? The idea, though perhaps well founded, now requires even more careful consideration than ever before. The new and pending Ex-PATRIOT Act […]
09/03/2020
Beware the sledgehammer used to crack the nut. In this case, the nut is the U.S. government’s laudable goal of catching tax evaders. The sledgehammer is the overreaching effect of legislation that is alienating other countries and resulting in millions of U.S. citizens abroad being forced to either painfully reconsider their nationality, or face a […]
09/03/2020
Suddenly, some expats are waking up in a cold sweat. They have always had to file tax returns and disclose foreign accounts on a form called the FBAR, although in practice many didn’t. But now Fatca means they have to be more rigorous or face huge fines, in the knowledge that the US authorities could […]
09/21/2022
Self-employment tax is an amount of money that you need to pay the government if you are self-employed, like owning your own business or doing freelance work. You are required to pay this tax if your net profits from self-employment add up to at least $400. It applies to all self-employed US citizens or residents, […]
09/03/2020
by Sean Peters, SoapBoxMedia Bright!Tax helps Americans living abroad with the often dubious task of preparing taxes outside of the country. Using an online cloud system, the company operates in a simple and nearly paperless manner that makes tax season less irritable for expatriates. A semi-finalist to be part of UpTech’s annual workshop, the New […]
07/22/2020
” … What this means to Americans living overseas is that gone are the days of living off the grid. If you’re not up to date with your required US tax filing and FATCA and FBAR reporting, very soon you will most probably be receiving greetings from the United States and the IRS … “ […]