01/26/2025
Two of the most common additional US tax forms expats have to file are the FBAR and Form 8938 — but what is the difference between FBAR vs. 8938? While foreign assets are reported on both of these forms, they differ in terms of asset type and reporting thresholds. It’s important to understand the differences […]
12/21/2023
“What are marginal tax rates?” This query introduces a fundamental yet often misunderstood element of global tax systems. Marginal tax rates, require a nuanced understanding to fully appreciate their impact on individual fiscal responsibilities. In the following article, we will define marginal tax rates, introduce strategies to potentially reduce your marginal tax rate, and offer […]
12/20/2024
At Bright!Tax, we pride ourselves on our commitment to both our clients and our team. We’re dedicated to expertly managing US taxes for Americans abroad. We are also equally committed to the well-being of our team. Our journey is marked by a relentless pursuit of excellence and a deep understanding of the complexities of international […]
02/06/2024
If you’re exploring different possibilities for immigration, you might have noticed that many visa options require a job offer in a host country. This may represent an obstacle if you’re not looking for a job but would still like to secure a second passport or relocate abroad to enjoy a better quality of life. We […]
02/04/2025
If you’ve ever wondered how to move to Japan from the US, consider this a sign. Renowned for its high quality of life, natural beauty, and relatively low cost of living, Japan has long captivated the attention of Americans. The delicious sushi and ramen, stunning temples and shrines, and breathtaking cherry blossoms and bamboo groves […]
11/11/2023
With remote work, the gig economy, and digital nomadism disrupting the traditional employment model, a crucial question arises: What’s the difference between an independent contractor and an employee? Virtually all Americans have heard of these terms, and most have an idea of what they mean, but not everyone is aware of the important distinctions between […]
01/25/2025
Although maintaining a US address may not be a priority when moving overseas, understanding how to do so is beneficial. Despite varying circumstances, having a US mailbox while living abroad can often prevent future logistical issues. But what exactly are the benefits of maintaining a US mailing address, and how can you do so? We’ll […]
01/15/2025
Whether you’re transferring foreign earnings to a US bank account, financially supporting your family from abroad, or purchasing overseas property, expat life often involves transferring large sums of money internationally. While moving large sums of money internationally is common and necessary for most expats, it can still trigger additional reporting obligations or expensive transfer fees. […]
01/15/2025
Whether you’ve been in Italy for years, plan to relocate there soon, or are just beginning to consider a move, learning how to get Italian citizenship by descent will make it much easier for you to stay in the country on a long-term basis. The most common ways for Americans to gain Italian citizenship are […]
01/25/2025
Thinking about spending your golden years surrounded by the lush landscapes and vibrant culture of Colombia? You’re not alone. More than ever, Americans are discovering the perks of retiring in Colombia—from an affordable cost of living to high-quality healthcare and a mild climate. In this updated guide, we’ll explore the visa requirements and application process, […]