Many expats assume moving abroad means they don’t have any state tax obligations — unfortunately, it’s not always that simple. New York is one of several states that makes it difficult for former residents to sever tax ties. If you most recently lived in New York before moving overseas, you may need to file — […] The post New York State Income Taxes: the Complete Guide for Expats appeared first on Bright!Tax Expat Tax Services ..read more

If you’re looking for a country with stunning beaches, rich history, a lower cost of living, and healthy, delicious cuisine, you can’t go wrong with Cyprus. This Mediterranean island nation has long flown under the radar, but its reputation as an expat hotspot is on the rise. Of course, before moving there, it’s important to […] The post Cyprus Taxes: A Complete Guide for US Expats appeared first on Bright!Tax Expat Tax Services ..read more

In recent years, Portugal and Spain have become popular retirement destinations. It’s easy to see why — both countries boast rich cultures, natural beauty, great weather, and dedicated retirement visas. But when it comes to retiring in Spain vs. Portugal, which option should you choose?  To help you decide, we’ve put together a high-level guide […] The post Retirement in Spain vs. Portugal: Visas, Taxes, & More appeared first on Bright!Tax Expat Tax Services ..read more

Starting a business overseas may seem daunting — but it can bring major benefits. For high-earning, self-employed American expats in particular, registering a US-based C corporation and a Controlled Foreign Corporation (CFC) can lead to major savings on their US tax bill. Before you rush to file your articles of incorporation, though, you’ll want to […] The post How to Start a Business in Another Country — & Why to Consider It appeared first on Bright!Tax Expat Tax Services ..read more

As a US expat, you’re likely drowning in a sea of tax complexity. You’ve heard about tax credits and deductions, but you’re not sure which applies to your unique situation or how to use them effectively. This confusion isn’t just frustrating—it could be costing you thousands of dollars each year. Are you missing out on […] The post Tax Credits vs. Deductions: What’s the Difference & Which are Better for Expats appeared first on Bright!Tax Expat Tax Services ..read more

Recognizing the unique sacrifices made by those serving, Congress originally enacted the CZTE back in 1918 as a way to show appreciation and provide tangible support. It's been a cornerstone of military tax benefits for decades, evolving over time to adapt to changing circumstances. The CZTE is a lifeline for many service members. With the pressures of deployment, from separation from loved ones to the inherent risks of the job, having a tax break offers some ease when it comes to financial burdens. The post The Combat Zone Exclusion: Tax Relief for Expats Serving in a Combat Zone appeared fir ..read more

No matter where they live, Americans who earn above a certain threshold must pay taxes they owe by April 15th and if they live abroad, file a tax return by June 15th (unless they’ve already requested an extension). But what happens if you miss the tax deadline? While it’s not an ideal situation, you don’t […] The post What Happens if You Miss the Tax Deadline? (And How to Catch Up) appeared first on Bright!Tax Expat Tax Services ..read more

These 11 strategies can help you legally minimize your US tax liability, take advantage of foreign tax credits, and make the most of available deductions and exclusions. The post Benefits of Tax Planning for Americans Living Abroad appeared first on Bright!Tax Expat Tax Services ..read more

These 11 strategies can help you legally minimize your US tax liability, take advantage of foreign tax credits, and make the most of available deductions and exclusions. The post 11 Tax Optimization Strategies for High-Income Expats appeared first on Bright!Tax Expat Tax Services ..read more

Healthcare is among the most important factors in determining quality of life. US expats with their hearts set on Europe, however, are in luck. The standard of care in Europe is excellent overall, with the continent home to 11 of the top 20 health systems in the world. The post 7 European Countries With the Best Healthcare for Expats appeared first on Bright!Tax Expat Tax Services ..read more