A brief Bright!Tax Guide: How expats can catch up with their U.S. tax filing obligations

'Tax Day' for Americans living outside of the U.S. was on June 15. But not everyone who should have filed their 2020 U.S. tax returns by that date will know that.

Because, as Allyson Lindsey, Bright!Tax partner and managing Certified Public Accountant explains below, millions of Americans who currently live overseas have failed to file U.S. tax returns covering one or one or more years that they should have...

  • Tax

IRS: 'Cryptocurrency accounts to be included in FBAR reports'

The last few weeks have seen the price of Bitcoin soar, accompanied by a roar of commentary from those who see it, and other cryptocurrencies, as the future.  

This latest round of Bitcoin mania was kicked off earlier this month, when (Bitcoin fan) Elon Musk's car company, Tesla, announced in an SEC filing that it had bought US$1.5bn worth of the cryptocurrency, and that it would also begin accepting Bitcoin in payment for its products... 

  • Tax

Bright!Tax's Allyson Lindsey: 'Yes, expats w/o a U.S. bank account can still get the payment'

 As Bright!Tax partner and managing Certified Public Accountant Allyson Lindsey explained last month, Americans who are resident outside the U.S. are potentially eligible to receive a "recovery rebate" check or automatic deposit, as part of a US$2.2 trillion bipartisan bill aimed at providing emergency relief to individuals and businesses hit by the coronavirus pandemic lockdown.

Here, she addresses further issues expats are having as they try to secure their COVID-19 rebate money, including the fact that they don’t need a U.S. bank account to receive it...

Bright!Tax's Allyson Lindsey, to expats: 'How to go about getting a COVID-19 rebate payment'

As Americans who have been resident abroad for years know only too well, when the IRS has news for U.S. expats, it's usually not good. However, as the American Expat Financial News Journal and other media organizations reported last month, the U.S. government actually included Americans who are resident overseas among those U.S. citizens who would be potentially eligible to receive a "recovery rebate" check, as part of a US$2.2 trillion bipartisan bill aimed at providing emergency relief to individuals and businesses hit by the coronavirus pandemic lockdown...

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Opinion

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

Ross McGill: ‘FATCA isn’t the problem: CBT is’ 

In the early years of this century, a number of major media exposés reported how Homeland Americans, as well as rich people from other developed and developing countries, were making...

Mar-18-2023