12/28/2023
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 […]
12/26/2023
“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 […]
12/13/2023
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 […]
11/23/2023
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 […]
11/17/2023
If you’re wondering how to move to Japan from the US, odds are, you’ve already fallen in love with the beautiful country. From sushi and curry rice to cherry blossoms and bamboo groves to natural hot springs and tea ceremonies, Japan has long captivated the attention of Americans. But how hard is it to move […]
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 […]
11/09/2023
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 […]
11/03/2023
Whether you’re transferring foreign earnings to a US bank account, financially supporting your family in another country, or purchasing property overseas, life as an expat often involves transferring large sums of money internationally. Despite how common it is to move large sums of money internationally, doing so can trigger additional reporting obligations or incur expensive […]
10/28/2023
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 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 through naturalization […]
10/24/2023
Thanks to its dedicated retirement visa, pleasant year-round climate, and rich culture and history, Colombia is becoming a top retirement destination for many Americans. Retiring in Colombia can be a great fit for some people, but of course, it’s important to do some research beforehand. Read our guide below for more info on why Colombia […]