What Do US Digital Nomads Need To Know About Their Taxes? 5

What Do US Digital Nomads Need To Know About Their Taxes?
All U.S. persons (and green card holders) are subject to U.S. tax on their worldwide income regardless where they reside. This means, whether you reside in the U.S. or outside the U.S., have a dual citizenship, or are an Accidental American that has never set foot in the U.S., your tax obligations remain the same ...

Self-employment tax for U.S. citizens abroad

Self-employment tax for U.S. citizens abroad
Americans who work for themselves must pay their own version of Social Security called ” the Self-Employment Tax”. This tax applies no matter where in the world the work was performed. We have put together few facts in infographic below to show what this tax is about and which circumstances allow you to avoid paying ...

Should Self-Employed Americans Abroad Keep Paying Social Security Taxes Even if They Don’t Have to? (#3)

Should Self-Employed Americans Abroad Keep Paying Social Security Taxes Even if They Don’t Have to? (#3)
And now, the final follow-up question from our digital nomad in Chiang Mai: Should I pay Social Security contributions or not? Before I delve into the subject, I want to note that skipping social security taxes is not a way to build wealth. The best way to build wealth is to generate more revenue. But ...

Are Americans Abroad Legally Required to Still Pay into the US Social Security System? (#1)

Are Americans Abroad Legally Required to Still Pay into the US Social Security System? (#1)
And this week’s question comes from a digital nomad Chiang Mai, and the question is: Do I have to contribute to Social Security? The Social Security Totalization Agreement US citizens living in countries which adhere to the Social Security Totalization Agreement only have to pay into the Social Security system of one country. If you ...

The Top Ten Reasons for US Expats to Hire an International Tax Expert

The Top Ten Reasons for US Expats to Hire an International Tax Expert
1. If you are a US citizen or Green card holder living and working abroad, you are required by law to file a US tax return each year. Most US Expats would do well to remember Al Capone, the notorious Chicago gangster, who was suspected of murder, racketeering and many other serious crimes. The government ...