Bright!Tax US Expat Tax Blog

A Growing Number of Expats are Filing US Taxes

expats filing taxes

Americans are almost unique in still having to file home country taxes from overseas. While this requirement has been US law since the Civil War, the interconnectedness of today’s global banking and tax systems have only recently allowed the IRS enforce it. They can even revoke expats’ US passports if they believe that they owe […]

Form 3520 – Reporting Foreign Offshore Trusts for US Expats

expat filing form 3520

Americans living abroad are still subject to US tax filing requirements on their worldwide income. There are also further US filing requirements just for expats, including having to report foreign bank and investment accounts if the expat’s combined balances exceed $10,000 at any time during the year, and reporting foreign financial assets on form 8938. […]

US Taxes and Pensions: What to Know to Retire Abroad in 2023

This post was updated on February 15th, 2023 Many Americans dream of retiring abroad. Who wouldn’t want to spend their golden years in a retirement-friendly country with a rich culture, gorgeous climate, and more affordable cost of living? But when it comes to the specifics of how to retire abroad, it’s easy to get confused. […]