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

Bright!Tax's Allyson Lindsey: What, if anything, can be done about those IRS delays, late refunds, unanswered calls...

It's hardly a secret at this point that 2021 has been a bit of a struggle for the IRS. As we've been told, the reasons include – as with just about every government agency (and company) around the world – the pandemic, as well as, in the IRS's case, the need to distribute two new rounds of stimulus checks to millions of U.S. taxpayers around the world at short notice.

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

First-ever '2021 Expats Virtual Financial Summit' set for Jan. 26 - 29

Over four days beginning on Tuesday the 26th of January, ten experts from around the world will be sharing their expertise on a range of financial topics of interest to American expats, as part of the first of what it is thought could become a series of "virtual financial summits" aimed at Americans who live outside of the U.S.

  • News

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...

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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