Bright!Tax US Expat Tax Blog

Estate Planning for American Expats – What You Need to Know

expats estate planning

Retiring abroad is more popular than ever, thanks to perceptions of a better quality of life, more affordable health care, and a warmer climate. Americans living abroad earning over $10,000 a year (or just $400 of self-employment income) are still required to file a US tax return though, declaring their world wide income. This includes […]

Citizenship Based Taxation – What US Expats Need to Know

expats citizenship based taxation

Expats are America’s global front-line ambassadors. Everyday, their actions and attitudes help shape others’ perceptions of the US and Americans. They are also the 21st century pioneers, forging opportunities and lives away from our shores and in the wider world. However far from the US they venture though, they remain in the strange situation of […]

A Growing Number of Expats are Now Filing US Taxes

With FATCA and a raft of intergovernmental tax information exchange agreements allowing Uncle Sam to know more about expats’ finances than ever before, a growing number of expats are choosing to become compliant by using the Streamlined Procedure IRS amnesty program. Since it was introduced in 2014, nearly 50,000 US expats have used the Streamnlined […]

Taxes in Belize: the US Expat’s Guide

If you want to move to a country with stunning beaches, lush rainforests, and world-class scuba diving and snorkeling sites, Belize might just be right for you. Belize offers natural beauty, adventure, and a much lower cost of living than many expat hotspots. And if that weren’t enough, taxes in Belize are fairly low, too. […]

Will the IRS Streamlined Procedure for US Expats be Revoked?

streamlined procedure revoked

For decades, US expats lived in peace, beyond the reach of the American tax system, despite being theoretically obligated to file US taxes on their worldwide income from abroad by American’s citizenship based taxation regime. Then came FATCA, the 2010 Foreign Account Tax Compliance Act. Designed to address tax evasion in the wake of the […]