01/15/2023
Taxes for expats tend to be complicated, especially for US expats. If you’re a US citizen living abroad with questions about what the expat tax filing requirements are, you’re not alone. Some expats aren’t even aware they need to continue filing US tax returns while living overseas. Expatriate tax is a complicated realm for Americans […]
12/01/2021
The Foreign Bank Account Report (FBAR) is filed using FinCen Form 114, though much about this US reporting requirement is misunderstood. In the following article, we dive into the essential elements of FinCEN Form 114, providing key background information, and detailing who must file and deadlines in 2024. Ensuring adherence to these regulations is key […]
11/25/2021
The Streamlined Filing Compliance Procedures (SLP) provides a light at the end of the tunnel for qualifying global US taxpayers seeking IRS amnesty from late-filing US tax penalties. As a US citizen or permanent resident living overseas, getting a handle on your tax responsibilities is essential. The program offers a streamlined process for expats to […]
09/30/2021
If you’re a US expat living abroad, you’ve likely heard FATCA used as a bad word. And to be frank, it can quite literally ruin someone’s day – it significantly complicates US taxpayers’ day-to-day life abroad. Some context: The Foreign Account Tax Compliance Act (FATCA), is a law passed by US Congress in 2010 to […]
02/02/2024
With the term golden visa increasingly appearing in the media, on social networks, and in everyday conversations, you may very well have already heard it before — and for a good reason. Golden visas are an excellent opportunity for investors looking to gain residence (and sometimes even citizenship) abroad. But how exactly do you apply […]
02/01/2024
If you’re looking for an adventurous retirement destination, you might want to retire in Brazil. Beyond its beautiful beaches, warm weather, and affordability, however, Brazil also offers incredible cuisine, lively celebrations, and gorgeous natural vistas. And with over 85,000 Americans already living in Brazil, you’ll be in good company. But what exactly does retiring in […]
01/25/2024
Given Mexico’s beautiful climate, rich history, delicious food, and lower cost of living, it’s no wonder that so many remote workers want to know if there’s a Mexico digital nomad visa. While the Mexican government hasn’t launched an official digital nomad visa, there is a great alternative: the temporary resident visa. Below, we’ll go over […]
01/25/2024
If you’re an American expat living and working in the UK, you’ve likely wondered about the tax implications of retirement. While navigating the tax laws of both the US and the UK can be complex, understanding them is essential for creating a smart tax (and overall retirement) strategy. That’s where we come in. Bright!Tax has […]
01/22/2024
John, an American entrepreneur, saw Portugal not just as a scenic backdrop but as a land of opportunity for his business ventures. His entrepreneurial spirit led him to delve deep into the intricacies of US taxation for expatriates, a realm fraught with complexities and potential pitfalls. While he was adept at managing the operational aspects […]
01/22/2024
Dozens of countries, including Peru, currently offer various types of digital nomad visas, and they are continuously adding more. In November 2023, the Peruvian government announced its plans to introduce a digital nomad visa. They are still working out the details, but they expect to finalize them in the early months of 2024. Below, we’ll […]
01/11/2024
If you’re an investor looking to move to a Mediterranean country with incredible culture, food, and beaches, the Greece Golden Visa might be the perfect solution for you. While the visa was launched just over ten years ago, it’s exploded in popularity in recent years. Below, we’ll go over everything you need to know about […]
01/11/2024
If you’re a US citizen or permanent resident who has moved abroad, you might think that you’re off the hook for state taxes — but if you most recently lived in Virginia, you may very well still be subject to an annual Virginia tax obligation. It may not seem fair, but Virginia is one of […]
01/11/2024
As we reflect on the close of 2023, it’s with immense gratitude and a sense of fulfillment that we at Bright!Tax share an exciting update for our ongoing philanthropic endeavor – Bright!Lights. Nestled in the heart of our vibrant global community, Argentina holds a special place as one of our main hubs. With a significant […]
12/29/2023
While parts of Western Europe are starting to bristle with increased costs of living, low-cost European countries abound if you’re willing to step off the beaten path. Rest assured, these more affordable countries maintain the European standard of living that most expats hunger for, including rich cultures to discover and excellent public transportation. You just […]