02/04/2016
I worry sometimes. Sometimes a lot. I’ve been living in and outside the States for some years and one time as I was leaving, back in 2010, I knew for sure that upon looking back at my beloved country – our United States of America, within a short period (I don’t know, months?) I’d be […]
02/04/2016
Beware the sledgehammer used to crack the nut. In this case, the nut is the U.S. government’s laudable goal of catching tax evaders. The sledgehammer is the overreaching effect of legislation that is alienating other countries and resulting in millions of U.S. citizens abroad being forced to either painfully reconsider their nationality, or face a […]
02/04/2016
This article is recreated here, as featured, by our very good friends at Expat Arrivals How does the IRS go about finding you – an American expatriate – when you have not filed your US income taxes and what are the potentially debilitating results? Living abroad for most of us is the adventure of a […]
02/04/2016
Press Release FOR IMMEDIATE RELEASE 7 A.M. EDT, April 3, 2012 New U.S. International Data Sharing Agreement Could Mean Big Trouble For Americans Living Abroad International Tax Accounting Firm, Bright!Tax©, CEO to Explain and Offer Straight Forward Solutions, Live, on the Overseas Radio Network New York, NY: What happens to US expatriate tax payers when the IRS […]
02/04/2016
We suggest the most relevant approach to this question is to weigh the potential outcomes as a result of your situation – and usually there are two Option One – You choose to continue not filing your US taxes. This is both risky and, by US law, it is a criminal offense. The potential outcome to […]
02/04/2016
Your US tax return will begin with a cursory overview by Bright!Tax © Associates to be sure we have all the relevant elements to complete your return. It is then scheduled and forwarded to your assigned Bright!Tax © Tax Specialist – a fully licensed and qualified American CPA who will thoroughly review your return and […]
02/04/2016
Suddenly, some expats are waking up in a cold sweat. They have always had to file tax returns and disclose foreign accounts on a form called the FBAR, although in practice many didn’t. But now Fatca means they have to be more rigorous or face huge fines, in the knowledge that the US authorities could […]
02/04/2016
This short story is an addendum to the blogpost by Greg Dewald on “Why you’re not filing your US income taxes“: Because my income was all earned abroad, (F2555 for the insiders), I did not have to pay US taxes while living overseas. I did, of course, file and pay taxes in the Netherlands, where […]
02/04/2016
You’re an American living abroad and one of the things you must do, regardless of your personal circumstance, is to file an annual US tax return. There’s really no other reasonable option. Some, if not many, expatriates do not know they need to file an annual return. Others, for various personal reasons, may simply choose […]
02/04/2016
Lane Anderson – It’s a common scene from an American household: Kristy Williams is plying her young son, Thomas, with Oreos and marshmallows to finish his studies. The difference is that Thomas is working with a tutor learning Mandarin Chinese, and the Williamses are living in Hangzhou, China, two hours from Shanghai. Kristy and Joel […]