10/07/2025
It has been estimated that there are 4,000 Americans living in Nicaragua. Living in Nicaragua is an incredible experience for a number of reasons, including the quality of life, the friendly locals, the relaxed culture, and the beaches and landscapes. As an American expatriate living in Nicaragua though, what exactly do you need to know […]
10/07/2025
You know that foreign pension you barely remember signing up for? Or the joint account you opened just to pay rent abroad? Yeah—the IRS wants to talk about it. Officially called the Statement of Specified Foreign Financial Assets, form 8938 is how the U.S. keeps tabs on Americans with money overseas. If you’re a U.S. […]
10/07/2025
The Bright!Tax Awards Committee is pleased to announce that Erin Moran has been awarded a Bright!Tax Global Scholar award. Erin is a postgraduate student working towards her PhD at University College London’s Institute of Education. Erin fended-off over 400 other applicants to claim the latest award. Erin’s journey is as ambitious as it is unique. […]
10/07/2025
Bright!Tax Continues to Raise the Bar Globally – Introduces Latest Innovation – a Secure Online Client Interface that Makes the Process of Filing US Taxes from Abroad a Whole Lot Easier! Most often when American expats engage a US expat tax firm to prepare their US taxes, they are first greeted warmly, but then are […]
10/07/2025
Choosing an expat tax professional or accountant is an important decision. Getting it wrong could literally cost you thousands of dollars, as they may not have the specialist knowledge to apply the best strategies or claim the right exemptions for your situation. One of the first questions you should consider when filing US expat […]
10/07/2025
The Bright!Tax Awards Committee is pleased to announce that Kersey Schott has been awarded the most recent Bright!Tax Global Scholar award. Kersey is a postgraduate student taking a Masters in European Studies at the University of Leipzig, Germany. She previously completed her undergraduate degree at Ohio State University, where she graduated Cum Laude. Kersey, who […]
10/07/2025
FATCA, the Foreign Account Tax Compliance Act, was a law passed in 2010 as part of a federal post-2008 financial crisis drive to crack down on tax cheats hiding their money abroad. An unintended consequence though has been the government both snooping on and increasing the tax burden on the estimated 9 million ordinary Americans […]
10/07/2025
All Americans living overseas are subject to file a US tax return each year if they earn over $14,600 (2024), or just $400 of self-employment income, regardless of where they live or where their income is from. While filing an annual tax return is one of the downsides of holding a US passport, you may […]
10/07/2025
Our Bright!Tax IRS Insights series lifts up the hood to reveal the inner workings of the IRS engine. Today we’ll be looking at the best strategies for responding to an IRS audit letter. As described in our previous IRS Insights article, the IRS can access a vast amount of information about US taxpayers living abroad, […]
10/07/2025
We are delighted to announce the launch of the Bright!Tax Global Scholar Initiative. The initiative will offer supplemental fees support to the next generation of young Americans who are currently studying or who would like to study abroad. The Bright!Tax Global Scholar Initiative will provide scholarships of a minimum of $1000. Awards will be made […]