Surprise stimulus payment advantage for expats spotted, via Foreign Earned Income Exclusion

A little more than a month after Americans around the world have begun receiving “Economic Impact Payments” from the U.S. Treasury – as part of the government’s emergency US$2trn CARES Act stimulus package, unveiled in March – tax experts have begun to point out that some wealthy expatriates could potentially benefit from an apparently unforeseen quirk in the way these payments are being provided, that their Homeland counterparts could not.

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

'After a 20-year relationship, I'm giving up on Mexico'

'After a 20-year relationship, I'm giving up on Mexico'

A retired dentist from Fort Worth, Texas, Kenneth Karger fell in love with Mexico two decades ago, as did his family. Here, in a first-person article addressed in part to...

Jul-30-2020