04/05/2016
What is it? The US is the only developed nation in the world to tax based on citizenship rather than residence. As such, US citizens (or green card holders) are liable to pay US income tax on their worldwide income wherever in the world they live. If you live abroad though, you will probably also […]
03/28/2016
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 […]
03/22/2016
Living abroad can be the adventure of a lifetime. It takes courage, perseverance, and an ability to adapt and hopefully thrive in a foreign land far away from home. In other words, the same attributes that we honor in the early American pioneers. Living abroad also brings with it an extra, burdensome set of tax […]
03/15/2016
Bright!Tax is delighted to announce that Katelynn Minott, CPA, has been promoted to Partner. With clients in over 150 countries worldwide, Bright!Tax is a leading provider of US expat tax preparation services to the nine million Americans living overseas. Before joining Bright!Tax in 2012 as a Senior CPA, Ms Minott graduated from the University […]
03/15/2016
When contemplating this year’s Presidential election, wherever you stand on the political spectrum, looking at the field of candidates there are one or two possible outcomes that might just make you flinch a little. For many people, if what they consider their worst case scenario actually happens though, their flinch could translate into a move […]
03/08/2016
American Citizens Abroad (ACA), which lobbies on behalf of US expats, has teamed up with the State Department Federal Credit Union (SDFCU) to offer banking services to US expats. Since the Foreign Account Tax Compliance Act (FATCA) began compelling foreign banks to report their American account holders or face significant penalties if they trade in […]
03/01/2016
US expats have been the unintentional victims of an IRS drive targeting offshore tax avoidance for several years now, however the penalties for non-disclosure of foreign income and assets remain harsh, and the IRS is showing no signs of easing off. There are thought to be millions of Americans living abroad who are behind with […]
02/16/2016
Forbes, CNN, and The Washington Times were among press outlets recently reporting that record numbers of Americans renounced their US citizenship in 2015. This was also the case in 2014, as we reported on this platform at the time. But the increase on what was then a record 3415 Americans renouncing citizenship in 2014 jumped over 25% to […]
02/11/2016
American expats can live incredible lives, and often have incredible stories to tell. New Yorker Caroline Calloway is a mature student studying History of Art at Cambridge, one of the UK’s (and world’s) oldest Universities. Her Instagram posts about her adventures in the bizarre “Harry Potter-esque” world of the university’s antiquated traditions and rituals have gained […]
02/08/2016
Many young Americans are looking for opportunities abroad The following is an extract from ‘Survey says: 35% of Americans would expatriate’ published on CNBC.com. As sultry summer weekends loom and Americans prep their grills and ready their ongoing outdoor activities, some citizens are packing their bags. A recent online poll of more than 2,000 adults […]