03/15/2018
President Trump’s campaign promise of tax reform was eventually signed into law as the Tax Jobs and Cuts Act on December 22nd 2017. Some of the changes the Act contains have been well publicized, such as the so called Apple Tax, and lower tax rates. For many, the changes mean planning ahead and making changes […]
03/12/2018
US expats are required to file US taxes, reporting their worldwide income, regardless of the fact that they live abroad. Many expats are also required to file taxes in the country where they live, too, raising the possibility of double taxation on the same income. To avoid this scenario, the IRS has put in place […]
03/08/2018
Because the US taxes based on citizenship rather than on residence, all Americans are required to file US taxes, reporting their worldwide income, wherever in the world they live. The good news is that there are some exemptions available for expats that either reduce or in many cases eliminate their US tax liability, such […]
03/01/2018
American expats are required to files US taxes, reporting their worldwide income. Many assume though that once you don’t live in the US (or have any income there), you don’t have to file a federal tax return any more. This can prove a costly assumption! While the US has tax treaties with a around 100 […]
02/26/2018
One of the aims of the Trump Tax Reform was to get giant American multinational corporations such as Apple, Google and Microsoft to repatriate their vast cash piles that they’d been keeping offshore. In achieving this though, the reform has also affected many US expat entrepreneurs and Digital Nomads as well. Before looking at the […]
02/19/2018
Montreal is the fifth most popular destination in the world for US expats, with an estimated 45,000 Americans living in the city. It’s easy to understand why. Montreal is a great place to live. Its culture and nightlife, infrastructure, cuisine, international mindset, and the high-quality free public services all serve to entice more Americans here […]
02/15/2018
The American tax system is unusual compared to almost every other country in that the US taxes based on citizenship rather than on residence. So while most countries only those people who live in that country, and/or those who have income arising in the country, the US taxes all US citizens (and green card holders) […]
02/12/2018
American expats are still required to file US taxes from abroad. This is because the US taxes based on citizenship, rather than on residence like most other countries. While the tax treaties that the US has with around 100 other countries don’t alleviate expats from having to pay US taxes, the IRS has put in […]
02/05/2018
All Americans, including expats, are required to file US taxes, reporting their worldwide income. Many expats aren’t aware of this though, and when they find out they often feel shocked. The good news though is that while expats still have to file, there are several ways that they can reduce their federal taxes, often to […]
02/01/2018
Living abroad is an incredible and often life-changing experience. Americans living abroad are the new pioneers, venturing beyond the frontiers of the familiar to explore the wider world. At Bright!Tax, we talk to expats around the world every day, hearing their more often than not incredible stories of what they’re doing and how they came […]